Payment Processing Marketer Wants Sanctions Against CFPB

Law360, New York (January 5, 2017, 4:42 PM EST) -- Pathfinder Payment Solutions Inc. on Wednesday asked a Georgia federal court to sanction the Consumer Financial Protection Bureau for trying to hold it accountable for contractors that allegedly violated debt collection rules and facilitated illegal payments, arguing the CFPB never had proof Pathfinder acted wrongfully.

Pathfinder — which says it’s a marketer of payment processors and not a processor itself — said discovery has showed it followed industry standards and that there were no red flags for the allegedly problematic payment processors, Universal Debt & Payment...
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