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Bureau of Consumer Financial Protection v. FDATR, Inc et al

  1. September 05, 2025

    Debt Relief Co. Appeals CFPB's $43M Win To 7th Circ.

    The former owner of a defunct debt relief provider and the company have filed an appeal to the Seventh Circuit to challenge a ruling ordering them to pay more than $43 million in restitution and penalties to settle claims from the Consumer Financial Protection Bureau that the firm preyed on student loan borrowers.

  2. May 02, 2025

    CFPB Wins $43M Judgment Against Debt-Relief Provider

    An Illinois federal judge has ordered the former owner of a defunct debt-relief provider to pay more than $43 million in restitution and penalties to settle claims that the firm preyed on student loan borrowers.

  3. March 13, 2025

    Vought-Led CFPB Still Wants $43M Order In Debt Relief Case

    The Consumer Financial Protection Bureau urged an Illinois federal judge Thursday to order the head of a defunct debt-relief company to pay $43 million in fines and restitution, sticking with a Biden-era request for penalties in the case.

  4. January 13, 2025

    CFPB Can't Get $43M Fine From Telemarketing Debt Co. Yet

    An Illinois federal judge Friday waited to order the owner of a defunct debt company to pay $43 million for misrepresenting to customers they could eliminate their student loans, pointing to a U.S. Supreme Court decision holding the accused has a right to a jury trial when financial penalties are on the line.

  5. October 17, 2022

    CFPB Says Debt Biz Owner Owes $43M In Fines, Restitution

    The Consumer Financial Protection Bureau wants the former owner of an Illinois debt company to pay $43 million in restitution and civil penalties on behalf of the now-defunct firm, seeking summary judgment in its suit accusing the company of charging disproportionately high fees and baselessly telling customers they could pay less on their student loans.

  6. November 20, 2020

    Debt Relief Co. Sued By Feds For Telemarketing, False Claims

    An Illinois company that purported to provide debt relief and credit repair services baselessly told customers it could lower or eliminate their student loan payments and charged disproportionately high fees for the work, according to a suit filed Friday by the Bureau of Consumer Financial Protection.