CFPB files suit against Morgan Drexen over debt-relief services

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Law360 (May 3, 2018, 10:12 PM EDT) — Three law firms and two attorneys can’t shake a Consumer Financial Protection Bureau suit claiming they charged millions of dollars in illegal up-front fees for.

2017-02-01  · The complaint is related to the CFPB’s 2013 lawsuit against morgan drexen. debt relief scheme, and then took over Morgan. debt relief services.

The GOP has several weapons in its arsenal, including a case against the agency. her work from a company called Morgan Drexen, which provided her paralegal support services. Morgan Drexen filed.

Morgan Drexen sued for allegedly deceiving consumers. 20 against a Nevada corporation, Morgan Drexen. fees for debt-relief services. The CFPB also.

For example, in a high-profile legal battle the agency is suing debt relief firm Morgan-Drexen, alleging it violated restrictions against. as the CFPB moves to make its complaint data more useful.

CFPB Orders Debt Relief Firm to Pay $173M. one for debt settlement services and the other for bankruptcy-related services. The CFPB alleged that the bankruptcy-related contract Morgan Drexen presented to consumers was a ruse designed to disguise impermissible upfront fees for debt relief work.

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On August 20, 2013, CFPB filed suit against Morgan Drexen and Ledda. (Compl., Doc. 1.) CFPB alleged, inter alia, that Morgan Drexen and Ledda violated the TSR and the Consumer Financial Protection Act ("CFPA") by (1) requesting or receiving up-front fees for debt relief services, and (2) representing to consumers that they would

contracts to enter into with a Network Attorney, one purportedly for debt relief services and one purportedly for bankruptcy-related services ("Dual Contract Model"). 14. The Dual Contract Model is designed to disguise consumers’ up-front payments for debt relief services provided by Morgan Drexen as payments for

a federal district court entered a final judgment this week against debt relief company Morgan Drexen, Inc., resolving a lawsuit filed by the CFPB in August 2013. The Bureau’s lawsuit against Morgan Drexen alleged that the company charged illegal upfront fees and deceived consumers. The court found that the company violated federal law,

Plaintiff the Bureau of Consumer Financial Protection Bureau. Howard is a " seller" and "telemarketer" of a "debt relief service" who engaged in. On August 20, 2013, the Bureau filed suit against Morgan Drexen and its.