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Cuomo subpoenas debt settlement companies
New York Attorney General Andrew Cuomo announced Thursday that he has subpoenaed 15 firms in the "renegade" debt settlement industry in a national probe of possible exploitation of consumers who can't keep up with credit card payments. Cuomo, in a news release, said "unscrupulous" firms promise relief of up to 75 percent to consumers struggling with debt. The firms say they'll negotiate with creditors,...
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