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Default Judgment Consumer Financial Protection Bureau (CFPB) Financial Services Industry

Ballard Spahr LLP

CFPB wins default judgment in auto dealership complaint, but federal judge rejects bureau assessment of damages

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A federal District Judge for the Northern District of Georgia, Victoria Marie Calvert, awarded a default judgment to the CFPB against USASF, a car loan servicer of loans originated by U.S. Auto Sales Inc., a buy-here,...more

Goodwin

Financial Aid Services Company Ordered to Pay $14.7 Million in Deceptive Practices Lawsuit

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On January 26, 2021, a California federal judge granted the Consumer Financial Protection Bureau’s (CFPB) motion for default judgment against a now-defunct financial aid services company. The court also granted in part the...more

Ballard Spahr LLP

CFPB obtains default judgment in lawsuit against debt relief companies

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The CFPB has obtained a default judgment in the lawsuit it filed in October 2017 in Maryland federal district court against two commonly-owned debt relief companies, their affiliated payment processor, and three individual...more

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