News & Analysis as of

Telemarketing Consumer Financial Protection Bureau (CFPB) Debt-Relief Industry

Hudson Cook, LLP

CFPB Bites of the Month Webinar Recap: The CFPB and the Dust of June

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In this month's article, we share some of our top "bites" covered during the June 2024 webinar....more

Goodwin

CFPB Enters Consent Order Over Student Loan Debt Relief Services

Goodwin on

​​​​​​​On May 20, 2024, the Consumer Financial Protection Bureau (CFPB) announced that it had entered into a consent order with a California-based telemarketer that offered student loan debt relief services resolving...more

Sheppard Mullin Richter & Hampton LLP

CFPB, FTC Continue Crack Down on Debt Relief Schemes

On May 5, the CFPB announced that it has sent payments totaling more than $22 million to approximately 6,500 individuals who were harmed by a Maryland-based debt-relief and credit-repair company that marketed and sold...more

Ballard Spahr LLP

CFPB announces partial settlement of lawsuit for alleged violations of Telemarketing Sales Rule in connection with marketing of...

Ballard Spahr LLP on

The CFPB recently filed suit in the Central District of California against Texas-based GST Factoring Inc. and two of its owners, along with Champion Marketing Solutions, LLC (“CMS”), its owner, and four separate attorneys....more

McGuireWoods LLP

CFPB Obtains Injunction Against World Law Group

McGuireWoods LLP on

The CFPB recently obtained preliminary injunctions against debt-reduction company World Law Group, its affiliates and its owners, thereby freezing the company’s assets and stopping all further operations pending the outcome...more

Goodwin

Target of CFPB Complaint Loses Argument on Unconstitutionality

Goodwin on

The United States District Court for the Central District of California denied a motion to dismiss brought by a target of the CFPB’s enforcement powers. In August 2013, the CFPB filed a complaint against a debt relief-service...more

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