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North Country News
Tue April 3, 2012
VT Judge Orders Company to Pay $2M Fine
A Vermont judge has ordered a Texas debt settlement company to pay a fine of $2 million in a consumer fraud case. WAMC’s North Country Bureau Chief Pat Bradley reports...
Credit Solutions of America also must pay full refunds to 207 Vermonters totaling about $350,000.
The Vermont attorney general's office had sued both CSA of Dallas and its owner, Doug Van Arsdale, in July 2010, accusing them of using unsubstantiated claims that people can reduce their debt "in 60 seconds" to advertise its services.
The state also accused the company of doing business in Vermont without a license and failing to properly notify consumers of their right to cancel their contract with the company.
I'm Pat Bradley, WAMC News.
Copyright 2012 The Associated Press. All Rights Reserved.