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A.G. SCHNEIDERMAN ANNOUNCES SETTLEMENT INVOLVING VIDEO STORE LATE FEES AND OTHER CHARGES

NEW YORK- Attorney General Eric T. Schneiderman today announced New York is part of a 46-state settlement with a Bankruptcy Trustee charged with overseeing the collection of late fees and other charges allegedly owed by approximately 3.3. million former customers of Hollywood Video and its parent company, Movie Gallery, both of which have filed for bankruptcy and are in the process of being liquidated. As many as 200,000 New Yorkers could be impacted by the settlement. "Imagine applying for a mortgage only to find your credit report is tarnished because of a video rental late fee you didn't even owe," said Attorney General Schneiderman .  "This settlement will provide important safeguards to protect consumers against abusive debt collection practices and will ensure that consumers will not have their credit harmed as a result of any outstanding fees claimed to be owed to Hollywood Video or Movie Gallery." New York and the other settl...