Credit One Bank has agreed to pay just over $10 million to settle a civil consumer protection lawsuit alleging the company or its vendors made repeated, intrusive and harassing debt collection calls, the Los Angeles County District Attorney’s Office announced Friday.
The Nevada-based company — which did not admit wrongdoing — was ordered to pay $9 million in civil penalties and $1.2 million in investigative costs in connection with the judgment entered Thursday in Riverside County Superior Court in a lawsuit filed by the district attorney’s offices of Los Angeles, Riverside, San Diego and Santa Clara counties.
The settlement also requires the company to comply with state and federal law involving consumer debt collection, according to the District Attorney’s Office…