Latest Enforcement Tracker, Cash Advance Debt Solution
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In December 2012, the CFPB, aided by the states of Hawaii, brand brand New Mexico, new york, North Dakota and Wisconsin, sued the Payday Loan Debt Solution company for "violating state and federal debt settlement rules" by not supplying debt settlement solutions to clients whom paid charges. Payday Loan Debt Solution ended up being purchased to refund $100,000 to clients…
CFPB v. National Legal Help Center; CFPB v. potential 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 law practice, 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 home owners' home loans or counter property property property foreclosure," which will be a "violation of federal legislation."
CFPB – Discover Bank
In September 2012, the CFPB and FDIC issued a consent order to realize Bank for misleading and pressuring clients into buying add-on services and products. Discover ended up being purchased to refund $200 million to roughly 3.5 million clients for presumably enrolling clients in programs "without their permission, misled them in regards to the advantages and left clients thinking the merchandise.
CFPB v. Meracord LLC, Linda Remsberg