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November 12, 2014 | Category: Debt Management
| Author: Federal Trade Commission
Companies have left people’s sensitive personal and financial information in all the wrong places — in dumpsters, on car seats, and even in employees’ backpacks.
Now, the FTC has sued two debt sellers for posting spreadsheets with the sensitive information of more than 70,000 people on a public website, making it — along with information about a debt they might owe — available to anyone who happened on the site.
The companies involved were debt brokers. Instead of collecting debts, debt brokers sell information about people who might owe money on a debt to interested debt collectors. Typically, when selling debt, a broker will give potential buyers general information about the debts they’re selling and the people who allegedly owe the debts.
But the information these companies posted was anything but general:...