On August 20, 2013, CFPB filed suit against Morgan Drexen and Ledda. (Compl., Doc. 1.) CFPB alleged, inter alia, that Morgan Drexen and Ledda violated the TSR and the Consumer Financial Protection Act ("CFPA") by (1) requesting or receiving up-front fees for debt relief services, and (2) representing to consumers that they would
Mortgage refinances may drop 77% by 2012 Mortgage Interest Rate forecast for October 2019. HARP refinances drop off as interest rates for mortgages increase.. In 2012, HARP refinances accounted for 18% of all refinance activity in conforming (Fannie Mae or Freddie Mac) loans. In the hardest-hit states (Florida and Nevada), these refinances accounted for over half the refinance activity..
The U.S. Securities and Exchange Commission sued China Intelligent Lighting & Electronics Inc. and nivs intellimedia technology group Inc. over. lawsuit. Morgan Drexen said in the complaint, filed.
The dispute marks the latest standoff between a law firm and the CFPB, which has targeted firms in recent years over their. that they ran the debt relief operation with Morgan Drexen, which shut.
The Consumer Financial Protection Bureau said Tuesday that it is suing Morgan Drexen, a debt-relief provider, for false marketing a month after the same company filed suit against the CFPB. The CFPB’s suit, filed in the U.S. District Court Central District of California, accuses the Nevada company.
Morgan Drexen Case Illustrates Harm to Consumers. Issue Brief. Debt Settlement Companies Evade Ban through the. attorney. consumer law Group , Johnson Law Group, CareOne,4 Persels & Associates, whether on its own or in. The CFPB Takes Action against One of the Largest Abusers. On.
Seila Law Investigated for Illegal Sale of Debt Relief Services, plus more. On February 27, 2017, the Consumer Financial Protection Bureau “CFPB”. Lawsuits, Collection and Garnishment Questions · Freedom Debt Relief Pays $25 Million for Violating Federal Law · CFPB vs Morgan Drexen – fraudulent debt ” relief”.
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On January 30, 2017, the Consumer Financial Protection Bureau ("CFPB") filed a complaint in the Eastern District of California against a group of law firms and attorneys, alleging that the defendants charged illegal fees in a debt relief scheme targeted at "vulnerable consumers suffering financial difficulties" in violation of the Telemarketing and Sales Rule ("TSR"), 16 C.F.R. pt.
For example, in a high-profile legal battle the agency is suing debt relief firm morgan-drexen, alleging it violated restrictions against. as the CFPB moves to make its complaint data more useful.
Two attorneys and their three firms will pay $50,000 and vow to stop providing debt-relief products and services to end a Consumer Financial Protection Bureau suit alleging they. crackdown on.