Wash. Debt Collector Settles AG's Charges

Topco Financial Services Inc., an Everett, Wash., collection agency, has settled a lawsuit brought by state Attorney General Rob McKenna's office by agreeing not to threaten, harass or curse at consumers.

Among other things, the settlement said Topco must not threaten debtors with impairment of their credit rating or imply that failure to pay a debt will result in a revocation, suspension or impairment of the debtor's driver's license. Topco also agreed to pay $5,000 in civil penalties and $33,000 in attorneys' fees and legal costs. An additional $70,000 in civil penalties and $12,000 in fees and costs were suspended, provided that Topco complies with the settlement.