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Attorney General settles with debt collector

$600,000 in restitution will go to student borrowers

New York Attorney General Letitia James has reached a settlement with Transworld Systems Inc., one of the nation’s largest debt collectors. The agreement resolves an investigation of the company, which is the principal debt collector for the National Collegiate Student Loan Trusts (NCSLT). The investigation showed that Transworld violated multiple federal and state consumer protection laws by ...