A California firm and its owner have settled with the Federal Trade Commission over allegations that it furnished inaccurate consumer information to credit bureaus.
D.C. Credit Services Inc. and company co-owner, David Cohen, have agreed to pay a $300,000 civil penalty for violating the Fair Credit Reporting Act and the Fair Debt Collection Practices Act, the FTC said. Cohen is also banned from engaging in debt collection activity.
The defendant must also notify credit bureaus to delete all adverse information the defendant had furnished over the past seven years. Cohen can re-report the information only if it is found to be accurate and reportable.
Both D.C. Credit Services and Cohen had previously executed consent decrees in 1992 relating to violations of the FDCPA, the FTC said.
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