Debt Settlement Services, CFPB

DOJ Files First Criminal Action On CFPB Referral, CFPB Files Parallel Civil Suit

by BuckleySandler LLP on 5/17/2013

On May 7, the U.S. Attorney for the Southern District of New York announced mail and wire fraud charges against a debt settlement firm, its owner, and three of its employees. ...more

CFPB announces criminal referral relating to alleged debt-relief scam

by Barbara S. Mishkin | Ballard Spahr LLP on 5/8/2013

At a press conference yesterday in New York City, Director Cordray announced that the CFPB had made a criminal referral to the United States Attorney for the Southern District of New York arising out of the CFPB’s...more

FTC Continues To Target Debt Collectors and Debt Relief Companies

by John L. Culhane, Jr., Stefanie Jackman, Alan S. Kaplinsky, Heather Klein, Glen Trudel, Christopher J. Willis | Ballard Spahr LLP on 2/11/2013

The Federal Trade Commission’s continuing focus on the debt collection and debt relief industries was clearly demonstrated by several recently announced lawsuits and settlements....more

CFPB Brings First Joint Enforcement Action With States Against Payday Loan Debt Relief Company

by Michael W. Jahnke, Michael Mallow, Michael Thurman | Loeb & Loeb LLP on 12/19/2012

The Consumer Financial Protection Bureau, together with five states, has filed a federal complaint and submitted a proposed stipulated final judgment and order against a Florida company and its president for allegedly...more

CFPB denies another motion to modify or set aside CID

by Ballard Spahr LLP on 10/31/2012

The CFPB has refused to modify or set aside a civil investigative demand (CID) issued to Next Generation in connection with an investigation of the company’s debt settlement services business....more

CFPB Targets Debt Relief Services Market for Supervision

by Venable LLP on 6/30/2011

On June 23, 2011, the Consumer Financial Protection Bureau (“CFPB”) announced it had targeted debt relief services as one of six nonbanking consumer financial market areas that could be classified as “larger participants” and...more

Credit Counseling: Telemarketing Sales Rule, Credit Repair Organizations Act, and Litigation Risk Developments

by Venable LLP on 5/25/2011

AGENDA: -Introduction -What does the new Telemarketing Sales Rule Mean for Credit Counseling? -Consumer Financial Protection Act –Consumer Financial Protection Bureau -Credit Repair Organizations...more

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Debt Settlement Services › Consumer Financial Protection Bureau