CFPB enters into proposed settlement of lawsuit filed against debt settlement company, alleging deception about fees and disclosures in violation of the TSR and CFPA
By EsqSocial Corporation 21/05/21
On May 17, 2021, the Consumer Financial Protection Bureau (“CFPB”) announced that it entered into a proposed settlement of its lawsuit filed in a Massachusetts federal district court against debt settlement company DMB Financial, LLC (“DMB”), alleging that the company engaged in deceptive acts or practices in violation of the Telemarketing Sales Rule (“TSR”) and the Consumer Financial Protection Act (“CFPA”). The proposed order would impose a judgment of $7,700,000 against DMB, which would be...
By: Ballard Spahr LLP