(Daquella manera)Charging up front for debt-relief services without any actual results for the customer is illegal. But despite that, says the Consumer Financial Protection Bureau, a payment processing company processed millions of dollars worth of illegal fees from consumers. As a result, the CFPB says in its complaint today that it wants a federal district court to give the okay to force Global Client Solutions to stop processing those fees, and pay $6 million to consumers, along with a $1 million civil penalty. The CFPB accuses Global Client Solutions of helping debt-settlement companies collect fees from consumers, before actually settling their debs with creditors.
Cfpb: Company Should Pay $7m For Processing Illegal Fees For Debt-relief Services
Mary Beth Quirk, The Consumerist
Mon, 08/25/2014 - 12:50pm
Topics: consumer financial protection bureau the cfpb cfpb director richard cordray cfpb takes action against global client solutions processing illegal debt-settlement fees cfpb.gov cfpb global client solutions global client solutions cfpb company pay illegal fees debt-relief services consumers companies million collect worse helping penalty civil
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