The proprietors of a debt relief service accused of charging customers illegal fees have settled for disgorging only a fraction of their resulting ill-gotten gains and paying virtually nothing in civil money penalties in a deal with the Consumer Financial Protection Bureau (CFPB).
The defendants provided financial records which the CFPB deemed sufficient to suspend and substantially reduce the fines and redress they would be obligated to pay.
Find out more details about the operation and the bureau’s settlement requirements.