A company that reached a settlement with the state of Minnesota over its procedures for collecting on bad debts says its practices are sound.
MINNEAPOLIS (AP) - A company that reached a settlement with the state of Minnesota over its procedures for collecting on bad debts says its practices are sound.
Attorney General Lori Swanson announced the settlement Wednesday with Midland Funding LLC, a subsidiary of San Diego-based Encore Capital group.
Her lawsuit last year accused the company of filing unreliable court papers and carelessly targeting Minnesotans for debts they didn't owe.
She accused the company of ``robo-signing'' affidavits.
The companies issued a statement saying much of what they agreed to has been in place since 2009, when Midland voluntarily reviewed and strengthened its processes for generating affidavits.
They say their review of the current process confirms the underlying consumer debts are valid and that its current affidavit process accurately describes those debts.