CFPB enters into proposed settlement of lawsuit filed against debt settlement company alleging abusive conduct in violation of CFPA
By EsqSocial Corporation 16/04/21
The CFPB announced earlier this week that it has entered into a proposed settlement of its lawsuit filed in a California federal district court against SettleIt, Inc., a debt settlement company, alleging that the company engaged in abusive acts or practices in violation of the Consumer Financial Protection Act and also violated the Telemarketing Sales Rule. The proposed order requires SettleIt to pay consumer redress of at least approximately $646,000 and a $750,000 civil money penalty....
By: Ballard Spahr LLP