Tag: APR violation

Colorado Native Americans Reimbursed with More Than 500% Interest After Debt Collection Firm’s Illegal Practices

Feb 5, 2024

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by

Jinely

in Finance

Colorado Native Americans are set to receive restitution following a settlement between the Colorado Attorney General’s Office and TrueAccord, a Kansas-based debt collection firm. The company’s actions targeted Native American consumers in Colorado, violating state laws with exorbitant interest rates exceeding 500% APR. Unlawful Debt Collection Practices TrueAccord’s unlawful debt collection practices came to light…