Judge Fines Texas Debt Reduction Company

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A Vermont judge has ordered a Texas debt settlement company to pay a fine of $2 million in a consumer fraud case.

Credit Solutions of America must also pay full refunds to 207 Vermonters totaling about $350,000.

The Vermont attorney general’s office had sued both CSA of Dallas and its owner, Doug Van Arsdale, in 2010, accusing them of using unsubstantiated claims that people can reduce their debt "in 60 seconds" to advertise its services.

The state also accused the company of doing business in Vermont without a license and failing to properly notify consumers of their right to cancel their contract with the company.

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