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CFPB v. Cash Advance Debt Solution
In December 2012, the CFPB, because of the states of Hawaii, brand brand brand brand New Mexico, new york, North Dakota and Wisconsin, sued the Payday Loan Debt Solution firm for “violating state and debt that is federal rules” by not supplying debt settlement solutions to clients whom paid costs. Payday Loan Debt Solution had been bought to refund $100,000 to clients…
CFPB v. National Legal Help Center; CFPB v. Chance Edward Gordon d/b/a Gordon & Associates , Abraham Michael Pessar et al.
In 2012, the CFPB sued the nationwide Legal Help Center and potential Gordon along with his attorney, Gordon & Associates, for “loan modification frauds” that allegedly charged home owners to lessen their home loan repayments with “little, if any, meaningful assistance to change property owners’ home loans or counter property property foreclosure,” which can be a “violation of federal legislation.”
CFPB – Discover Bank
In September 2012, the CFPB and FDIC issued a permission order to uncover Bank for misleading and pressuring clients into purchasing add-on services and products. Discover had been bought to refund $200 million to about 3.5 million clients for presumably enrolling clients in programs “without their consent, misled them in regards to the advantages and left clients thinking these products.
CFPB v. Meracord LLC, Linda Remsberg
In October 2013, the CFPB sued Meracord, a repayment processing business, for assisting “debt-relief companies enforce unlawful upfront fees.” Federal legislation forbids firms that are debt-relief getting re re re payments before settling any debts, though the CFPB discovered that Meracord presumably “processed at the very least $11 million in illegal charges” from “more than 11,000 customers in the united states.”
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