Texas AG Accuses Debt Settlement Cos. Of Fraud

Law360, New York (May 20, 2009, 12:00 AM EDT) -- The Texas attorney general hit four debt settlement companies with lawsuits Wednesday accusing them of misrepresenting the extent to which they can help financially strapped consumers reduce their debt, a day after New York's attorney general took two other debt settlement companies to court over consumer fraud.

Texas Attorney General Greg Abbott filed suit Wednesday against DebtORResolution of Louisville, Ky.; Four Peaks Financial Services of Scottsdale, Ariz.; FH Financial Service of Dallas; and BC Credit Solution LLC of Mesquite, Texas.

Filed a day after New York's...
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