The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against an online debt-settlement company for allegedly failing to disclose its relationship to certain creditors, and steering consumers into high-cost loans offered by affiliated lenders.
The CFPB filed a complaint in U.S. District Court Central District of California alleging the company engaged in abusive acts or practices under the Consumer Financial Protection Act and violated the Telemarketing Sales Rule.
Read on for details.
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