Citing both the latest ruling in PHH Corp. v. CFPB as well as a recent memo to the staff of the Consumer Financial Protection Bureau (CFPB) issued by acting director Mick Mulvaney, Freedom Debt Relief earlier this month filed for a motion to dismiss CFPB allegations against the company.
The case is the next-to-last filed by the CFPB under then-Director Richard Cordray, announced Nov. 8. It alleged that Freedom charged consumers without settling their debts as promised, made customers negotiate their own settlements, misled them about fees and services, and failed to inform consumers of their rights to funds they deposited with the company.
Read on for details of the company’s motion to dismiss, and why it cited Mulvaney’s memo in support of its case.
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