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CFPB v. Cash Advance Debt Solution
In December 2012, the CFPB, because of the states of Hawaii, brand brand brand New Mexico, new york, North Dakota and Wisconsin, sued the Payday Loan Debt Solution firm for “violating state and debt that is federal rules” by not supplying credit card debt relief solutions to clients whom paid charges. Payday Loan Debt Solution ended up being bought to refund $100,000 to clientsвЂ¦
CFPB v. National Legal Help Center; CFPB v. potential Edward Gordon d/b/a Gordon & Associates , Abraham Michael Pessar et al.
In 2012, the CFPB sued the nationwide Legal Help Center and Chance Gordon along with his law practice, Gordon & Associates, for “loan modification frauds” that allegedly charged property owners to cut back their mortgage repayments with “little, if any, significant help to change property owners’ home loans or counter property property foreclosure,” which can be a “violation of federal legislation.”
CFPB вЂ“ Discover Bank
In September 2012, the CFPB and FDIC issued a consent order to learn Bank for misleading and pressuring clients into buying add-on services and products. Discover had been purchased to refund $200 million to more or less 3.5 million clients for presumably customers that are enrolling programs “without their permission, misled them in regards to the advantages and left clients thinking the merchandise.