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...
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