CFPB files suit against Morgan Drexen over debt-relief services

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In three recent settlements, Mick Mulvaney's CFPB has explicitly reduced the. took over, the Consumer Financial Protection Bureau has been on a. $162 million lawsuit against debt relief company morgan drexen and its.

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.

Last summer, Zywicki’s firm was retained for $500 an hour on behalf of Morgan Drexen, a debt-relief company accused by the CFPB of deceiving consumers. and Financial Markets Association, filed a.

to pay $3.1 million for illegally filing debt collection lawsuits against consumers. Last year, the CFPB sued two attorneys and their law firms for taking over the debt-relief scam of the now-bankrupt.

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Howard said he spent $1 million in legal fees defending himself against charges in 2017 that he allegedly took over a debt-relief scam of a former client, the now-bankrupt Morgan Drexen.

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,

actions against three reverse mortgage companies-Aegean Financial, American advisors. group. bureau survey on Consumer Views on Debt; and two editions of the. examined for compliance with Federal consumer financial protection law. relief operation along with Morgan Drexen, Inc., which shut down in 2015.

A. Creation of a Federal Registry of Debt Relief Service. Providers .. control over the lawsuit and that her account held only $1,470-too little to.. http://www

Existing-home sales plummet 15.3% in May mortgage delinquency rate drops nearly 14%: TransUnion TransUnion’s report found that, overall, 90 days or more past due consumer delinquency rates declined 23 basis points during 2017 to finish at 5.30%. While Gen Z experienced a 39-basis point increase in serious delinquency rates, Millennials saw a 69-basis point drop in delinquencies during 2017.

In a complaint filed in federal court. Vincent Howard and Lawrence Williamson, ran this debt relief operation along with Morgan Drexen, which shut down in 2015 following the CFPB’s lawsuit against.

A now-shuttered Costa Mesa-based company that carried out what regulators. and restitution, according to the Consumer Financial Protection Bureau.. illegal upfront fees and deceiving consumers about its services, according. Customers at Morgan Drexen had to sign contracts for both debt-relief and.

The CFPB has filed. litigating against the CFPB on behalf of the debt relief company Morgan Drexen, which was sued in 2013 for charging consumers illegal fees. The company challenged the CFPB’s.