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Home » Store » Taxable » Conseco Settles Overcharge, Collection Abuse Allegations

Conseco Settles Overcharge, Collection Abuse Allegations

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Conseco Finance has agreed to settle allegations that it overcharged borrowers in Kansas mobile-home transactions. The company is also accused of harassing customers through aggressive collection practices. Though it admitted no wrongdoing in the Feb. 27 settlement with the Kansas State Bank Commissioner, Conseco agreed to pay administrative fees of $75,000 and to re-do the loan contracts of 120 mobile-home borrowers who were charged interest in excess of the
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