Regulators from five states — Idaho, Connecticut, Massachusetts, Minnesota, and North Dakota — have reached a $500,000 settlement with two subsidiaries of IQor Holdings related to failure to comply with state and federal consumer protection laws.
The two units are Allied Interstate LLC and The Receivable Management Services Corp. The $500,000 settlement is being divided up equally among the five states.
Allied was accused of calling individuals at their places of employment, calling phone numbers that had been marked as “Do Not Call” and to promptly credit accounts when a payment by check was received.
Both Allied and RMS were accused of failing to provide state authorities with “timely, full” access to records and failing to submit complete responses to inquiries from state authorities. The two units neither admitted nor denied any wrongdoing under the settlement.