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CFPB v. Cash Advance Debt Solution
In December 2012, the CFPB, aided by the states of Hawaii, brand brand brand brand New Mexico, vermont, North Dakota and Wisconsin, sued the Payday Loan Debt Solution company for «violating state and federal debt settlement guidelines» by not supplying credit card debt relief solutions to clients who paid charges. Payday Loan Debt Solution ended up being purchased to refund $100,000 to clientsвЂ¦
CFPB v. National Legal Help Center; CFPB v. potential Edward Gordon d/b/a Gordon & Associates , Abraham Michael Pessar et al.
In 2012, the CFPB sued the nationwide Legal Help Center and potential Gordon along with his law practice, Gordon & Associates, for «loan modification frauds» that allegedly charged home owners to cut back their home loan repayments with «little, if any, significant help to change home owners’ home loans or counter property property foreclosure,» that will be a «violation of federal legislation.»
CFPB вЂ“ Discover Bank
In September 2012, the CFPB and FDIC issued a permission order to see Bank for misleading and pressuring clients into purchasing add-on items. Discover ended up being purchased to refund $200 million to about 3.5 million clients for presumably customers that are enrolling programs «without their permission, misled them in regards to the advantages and left clients thinking these products.