Bank, Credit Fixers Pay $2M To Settle Fee Suit

Law360, New York (May 15, 2012, 5:09 PM EDT) -- Rocky Mountain Bank and Trust and a group of debt relief companies including Freedom Financial Network LLC have settled a lawsuit for $1.9 million with a class of consumers who alleged the companies defrauded debtors by overcharging and operating without licenses.

The suit, which was settled May 9, accused the companies — including Freedom Debt Relief LLC, Freedom Debt Relief Inc. and Global Client Solutions LLC — of negligence and violating the California Unfair Competition Law, the Credit Repair Organization Act and the California Consumers Legal...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Haidee Estrella v. Freedom Financial Network LLC et al


Case Number

3:09-cv-03156

Court

California Northern

Nature of Suit

Consumer Credit

Judge

Susan Illston

Date Filed

July 13, 2009

Law Firms

Companies

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.