Minnesota Attorney General Lori Swanson announced Monday that she is preparing to file a lawsuit against Midland Funding LLC, a subsidiary of publicly traded debt buyer Encore Capital Group (Nasdaq: ECPG).
In the release, Swanson mentioned a prior case in Ohio over some of the collection litigation practices she cited in her action.
Encore Capital Group today released a comprehensive statement (printed in full below) that addresses the prior case and the changes made in the company’s legal strategy in 2009.
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