- Associated Press - Wednesday, June 24, 2015

CHARLESTON, W.Va. (AP) - West Virginia’s attorney general says a car title lender has agreed to forgive nearly $2.4 million in debt owed by 435 state residents.

Dominion Management Services Inc., doing business as CashPoint, agreed to release liens on the borrowers’ vehicles to settle allegations that the company violated the state’s consumer protection law. The Alexandria, Virginia-based lender did not admit any wrongdoing in agreeing to the settlement.

Attorney General Patrick Morrissey accused CashPoint of making harassing phone calls to borrowers and disclosing their indebtedness to third parties, including their employers. He also alleged that the company hired contractors who are not registered in West Virginia to repossess delinquent borrowers’ vehicles.

CashPoint agreed to comply with all consumer protection laws.


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