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Violation Tracker Individual Record

Company: NCO Financial Systems, Inc.
Current Parent Company: Alorica
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $200,000
Year: 2010
Date: November 4, 2010
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: NCO Financial Systems agreed to pay $200,000 in settlement of an Administrative Order finding that it violated regulations for debt collection agencies by failing to maintain records and engaging in misleading and unfair practices.
Level of Government: state
Action Type: agency action
Agency: Arizona Department of Insurance and Financial Institutions
Civil or Criminal Case: civil
Facility State: Arizona
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: business services
Specific Industry of Current Parent: business process outsourcing
Source of Data: (click here)
Notes: This case was brought by the Arizona Department of Financial Institutions before it merged with the Department of Insurance.
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.