A debt relief service that was found to have defrauded consumers even after a permanent injunction recently agreed to pay more than $35 million in restitution and a $40 million civil money penalty to the Consumer Financial Protection Bureau.
However, the CFPB suspended the vast majority of the $75 million in fines and redress based on the defendants’ financial statements showing they were unable to pay the total amount.
Read on for details from the consent judgment.
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