CFPB, Ga. Settle With Firm In Debt Relief Services Case
Law360 (June 29, 2021, 8:09 PM EDT) -- A Maryland company accused of raking in millions in upfront fees while failing to deliver on its promises to help consumers eliminate credit-card debt has been fined and banned from offering debt relief services as part of a settlement with the Consumer Financial Protection Bureau and state of Georgia.
In a consent judgment approved Tuesday in Atlanta federal court, the CFPB and Georgia secured terms that require Towson, Maryland.-based Burlington Financial Group LLC and several top officers to pay civil penalties totaling $150,001 and permanently bar them from providing debt relief, credit repair or financial advisory services.
The judgment also includes...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!