Mass. debt management company to refund Md. clients

April 10, 2010

Maryland's Department of Labor, Licensing and Regulation said Friday that a Massachusetts debt management company has agreed to refund about $55,000 in fees to more than 800 Maryland clients. American Consumer Credit Counseling, which is licensed to do business here by state regulators, violated Maryland law by adding on fees for a financial education program and newsletter, state regulators said. The fees ranged from $39 to $114 for education and $2 a month for a newsletter. Maryland's debt management law prohibits add-on fees.

- Eileen Ambrose

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