CFPB fines four California credit repair companies for misleading consumers

Today, the CFPB issued a press release announcing that it filed two complaints and a proposed final judgment in federal court against Prime Credit, LLC, IMC Capital, LLC, Commercial Credit Consultants, and Park View Law. According to the Bureau, the four California-based credit-repair companies misled consumers and charged illegal upfront fees for so-called credit [...]

By | 2017-06-27T21:54:41+00:00 June 27th, 2017|0 Comments

Student Loan Group to pay $375K settlement for alleged debt relief scam

On March 27, 2017, the North Carolina Attorney General (AG) issued a press release announcing that a settlement with a student loan company that allegedly operated a “student loan debt relief scheme.” According to the press release, Student Loan Group, a private student loan company located in North Carolina, falsely promised to reduce a borrower’s [...]

By | 2017-03-28T07:38:06+00:00 March 28th, 2017|0 Comments

North Carolina court enters $35 million judgment against illegal debt relief companies

On March 9, 2017, the North Carolina Attorney General (AG) issued a press release announcing that a North Carolina Superior Court had issued a ruling against three debt relief companies. The court permanently banning the companies from advertising or performing any debt relief services, legal services or any related services in North Carolina and entered [...]

By | 2017-03-14T07:34:07+00:00 March 14th, 2017|0 Comments

CFPB sues debt relief attorneys for collecting illegal fees

On January 30, the CFPB issued a press release announcing that it had filed a lawsuit in a California district court against several debt relief law firms and individual attorneys. The CFPB alleged that the defendants offered debt relief services to consumers in violation of the Telemarketing Sales Rule (TSR) and the Consumer Financial Protection [...]

By | 2017-02-02T11:09:08+00:00 February 2nd, 2017|0 Comments
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