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Consumer Financial Protection Bureau et al v Commonwealth Equity Group, LLC et al

  1. October 02, 2024

    Credit Repair Co. Owes $50M In CFPB, Mass. AG Case

    The Consumer Financial Protection Bureau and Massachusetts' attorney general scored a $50 million win in their suit against a credit repair service and its owner after a Bay State federal judge determined that they violated federal and state consumer protection laws by falsely promising credit score improvements and illegally charging advance fees.

  2. October 19, 2023

    Credit-Repair Co. Told That Disclaimers Don't 'Cure' Deception

    A Massachusetts credit repair business that allegedly told consumers it could increase their credit scores by "90 points in 90 days" and get negative items removed from credit reports can't rely on "boilerplate" disclaimers to dodge liability, lawyers for the government told a federal judge Thursday.

  3. July 31, 2023

    CFPB Can't Call Services 'Promises,' Credit Repair Co. Says

    A credit repair service is urging a Massachusetts federal judge to rule that its consumer credit services aren't a scam, arguing the Consumer Financial Protection Bureau's claims against it are based on an unfair interpretation of a rule that would put every credit service out of business.

  4. February 17, 2023

    Credit Co. Cites CFPB's 'Unconstitutional Funding' In Suit

    A purported credit repair company has urged a Boston federal judge to end a lawsuit brought by the Consumer Financial Protection Bureau, claiming the agency's funds used for prosecuting it were produced illegally, citing the Fifth Circuit's October decision finding the bureau's financial structure to be unconstitutional.

  5. October 05, 2022

    CFPB, Mass. AG Rip Credit Repair Co.'s 'Harassing' Depo Bid

    The U.S. Consumer Financial Protection Bureau and the Massachusetts attorney general have asked a Boston federal judge to block a purported credit repair company from seeking new depositions in an enforcement case, arguing the company's requests are "untimely, unduly burdensome, harassing" and would prejudice the plaintiffs.

  6. August 11, 2021

    Credit Repair Co. Can't Ditch CFPB Telemarketing Suit

    A federal judge on Tuesday kept alive a Consumer Financial Protection Bureau suit accusing a Boston-based credit repair company of duping consumers into upfront payments on the promise of boosting their credit scores, rejecting arguments that the laws at issue are unconstitutionally vague or discriminatory.