LOS ANGELES–(BUSINESS WIRE)–$ECPG #classaction—The Law Offices of Frank R. Cruz announces an investigation on behalf of Encore Capital Group, Inc. (“Encore” or the “Company”) (NASDAQ: ECPG) investors concerning the Company’s possible violations of federal securities laws.
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On September 8, 2020, the Consumer Financial Protection Bureau (“CFPB”) filed a complaint alleging that Encore and its subsidiaries violated a consent order “by suing consumers without possessing required documentation, using law firms and an internal legal department to engage in collection efforts without providing required disclosures, and failing to provide consumers with required loan documentation after consumers requested it.”
On this news, the Company’s share price fell sharply during intraday trading on September 9, 2020.
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If you purchased Encore securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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