CFPB Launches 1st 'Abusive Practices' Case In Fla.

Law360, New York (May 30, 2013, 6:40 PM EDT) -- The Consumer Financial Protection Bureau on Thursday for the first time brought an enforcement action alleging "abusive practices" in a complaint against a Florida debt collection firm, giving the industry a view into how the agency will use that power.

The CFPB alleged in a complaint filed in federal district court in West Palm Beach, Fla., that American Debt Settlement Solutions Inc. and its president, Michael DiPanni, engaged in unfair, deceptive and, notably, abusive practices by misleading customers about the debt relief services it would provide...
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