CFPB files suit against Morgan Drexen over debt-relief services

 · In a complaint filed in federal court, the CFPB alleges that Howard Law, P.C., the Williamson Law Firm, LLC, and Williamson & Howard, LLP, as well as attorneys Vincent Howard and Lawrence Williamson, ran this debt relief operation along with Morgan Drexen, Inc., which shut down in 2015 following the CFPB’s lawsuit against that company.

As the bureau prepared to file the instant suit, Morgan Drexen in July 2013 preemptively sued the CFPB in D.C. federal court, challenging the agency’s constitutional right to exist. That bid failed .

Consumer Financial Protection Bureau (CFPB) filed its lawsuit in August 2013, against debt-relief services company Morgan Drexen. The CFPB alleges, among other things, that Morgan Drexen deceived consumers into paying unlawful up-front fees for debt relief services by disguising them as fees related to "sham" bankruptcy services.

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A California federal district court has entered a final judgment in favor of the CFPB in its enforcement action filed in August 2013 against Morgan Drexen, Inc. and its CEO. The lawsuit alleged that Morgan Drexen charged advance fees for debt relief services in violation of the Telemarketing Sales Rule (TSR) and engaged in deceptive.

The Consumer Financial Protection Bureau Tuesday filed a lawsuit against a debt relief firm for charging illegal upfront fees and deceiving consumers. The suit is notable because just last month the firm, Morgan Drexen, was a party to a lawsuit filed against the CFPB that challenged the regulator’s authority to request certain information.

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 · On March 18, 2016, a federal district court entered a final judgment against Morgan Drexen ending a lawsuit filed by the CFPB in 2013 relating to an illegal debt relief scheme. Morgan Drexen must pay over $132 million in restitution to borrowers and an additional million as a civil penalty to the CFPB.

In 2013, the Consumer Financial Protection Bureau (CFPB) sued debt settlement company morgan drexen for collecting illegal "upfront fees" for debt settlement services and for running deceptive advertisements. Shortly before that, the company filed suit against the CFPB, challenging the agency’s investigative authority.

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Freedom Debt Relief, on the other hand, claims that the CFPB "fundamentally misunderstands" the debt settlement process and says that it plans to "vigorously contest" the CFPB lawsuit.

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