Good Counsel’s Football Benefactor Sacked With Massive Fine
Dancel also donates a whole lot of money to the program, for facilities (Good Counsel plays at Dancel Field) and scholarships for students who happen to play for the powerhouse team.
But it looks like Dancel, who also has given millions of dollars to build rec centers and hospital wings and assorted other non-football causes in Howard County, will have a little less pocket change to throw Good Counsel's way.
Yesterday, Tom Corbett, the attorney general for Pennsylvania announced that his state had joined 19 others and the District of Columbia in a $4.5 million consumer protection settlement with AscendOne, a Columbia, Md.-based financial services company Dancel owns.
In announcing the deal, Corbett said Dancel's firm "allegedly misled consumers into thinking the debt management services were actually being performed by non-profit credit counseling agencies."
Corbett's statement also said: "Consumers also allegedly believed they would receive credit counseling when, in fact, many they had little or no contact with credit counselors and some consumers were allegedly enrolled into debt management plans that were not beneficial to them."
But, to give credit where credit is due: Dancel's Good Counsel Falcons whupped Carroll, 42-0, in their regular season closer, and face Gonzaga in the WCAC playoffs this weekend.
Full release after the jump:
(Media-Newswire.com) – HARRISBURG – Attorney General Tom Corbett today announced that Pennsylvania, along with 19 other states and the District of Columbia, have reached a consumer protection settlement with a Maryland-based business accused of misleading consumers about the debt management services and benefits they would receive.
Corbett said that AscendOne Corporation, of Columbia, Maryland, marketed various debt management services through several wholly-owned subsidiaries, including Amerix, CareOne Services, FreedomPoint Financial and 3C Inc., all based in Columbia, Maryland.
Corbett said AscendOne allegedly misled consumers into thinking the debt management services were actually being performed by non-profit credit counseling agencies. Consumers also allegedly believed they would receive credit counseling when, in fact, many they had little or no contact with credit counselors and some consumers were allegedly enrolled into debt management plans that were not beneficial to them.
"It is essential that consumers get clear and accurate information any time they are dealing with financial issues, especially in situations involving credit counseling or debt," Corbett said.
Corbett said that under the terms settlement, AscendOne and company owner Bernaldo Dancel, of Columbia, Maryland, are prohibited from offering, selling or performing debt management services unless they comply with all state law requirements.
Additionally, AscendOne and Mr. Dancel may not make misrepresentations that services are being performed by non-profit organizations; must provide clear information about the purpose of the fees they charge and the impact entering into a debt management plan could have on a consumers' credit history.
Corbett said that AscendOne and Dancel may not enroll consumers into any debt management plans unless they first determined that the consumer can afford the plan and that they also provided the consumer with meaningful credit counseling.
Under the terms of the settlement, AscendOne will pay a total of $4.5 million to the states for the cost of the investigation and to support future consumer protection and consumer education activities.
The multi-state investigation was conducted by attorneys general from Arkansas, Arizona, California, Delaware, District of Columbia, Idaho, Indiana, Maryland, Massachusetts, Missouri, Montana, Nevada, New Mexico, North Carolina, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Washington and West Virginia.
The settlement agreement was filed today in Commonwealth Court, in Harrisburg, by Senior Deputy Attorney General John M. Abel and Deputy Attorney General Leslie M. Grey of the Attorney General's Bureau of Consumer Protection. The settlement in the form of a consent petition requires court approval.
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