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CFPB Sues Debt-Relief Companies for Posing as the Government
On Thursday, October 12, 2017, the CFPB filed suit in federal court against the Federal Debt Assistance Association, LLC, and the Financial Document Assistance Administration, Inc., service providers from Baltimore, MD, for presenting themselves as affiliated in some way with the federal government. The CFPB also alleged the companies’ debt-validation programs violated the law by falsely promising to eliminate consumer debts and improve credit scores in exchange for advance fees. The lawsuit seeks to end the practices mentioned, obtain redress for harmed consumers, and impose civil money penalties.