CFPB Takes Action Against A Debt Settlement Firm For Directing Consumers To High-Cost Loans
Collection Industry News
APRIL 27, 2021
On April 13, the CFPB entered into a preliminary settlement with an online debt-settlement company for allegedly violating the CFPA’s prohibition on abusive acts or practices and failing to clearly and conspicuously disclose total cost under the Telemarketing Sales Rule. Source: site.
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