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CFPB proposes judgment against credit repair company
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Consumer Protection
Tuesday, September 12, 2017
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Alleging that the credit repair company violated misled customers about the effectiveness of its services, the Consumer Financial Protection Bureau recently proposed a final judgment in federal court calling for monetary relief for harmed consumers.
The bureau alleged that the company’s conduct violated the Dodd-Frank Act and the Telemarketing and Consumer Fraud and Abuse Prevention Act, and is similar to previous complaints the agency filed against other entities the company did business with.
Take note of what conduct the company allegedly engaged in that led to alleged compliance infractions.
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