Consumer Financial Protection Bureau et al v. Stratfs, LLC (f/k/a Strategic Financial Solutions, LLC), et al

  1. April 09, 2025

    2nd Circ. Doubtful Of Push To Thaw Assets For Debt Relief Biz

    A Second Circuit panel seemed unconvinced Wednesday by a debt relief network's argument that the rule federal and state enforcers invoked to shut it down didn't apply because the targeted business practices included in-person interactions, with two judges noting that the home visits followed phone conversations where the actual selling was likely made.

  2. March 05, 2025

    Debt Relief Co. Entities Want CFPB Excluded From Appearing

    Two entities related to financial services firm StratFS have asked a New York federal judge to reject a bid by the Consumer Financial Protection Bureau to continue appearing in its joint suit with a multistate coalition of attorneys general after the CFPB failed to timely file a post-hearing briefing due to changing leadership at the agency.

  3. March 04, 2025

    CFPB Will Continue Litigating Debt Relief Co. Suit With NYAG

    The Consumer Financial Protection Bureau told a New York federal judge it will continue appearing with a multistate coalition of attorneys general in a suit accusing financial services firm StratFS of running an illegal debt-relief enterprise, marking a change for the bureau that has been voluntarily dismissing cases.

  4. January 19, 2024

    Debt Relief Co. Fleeced $100M, CFPB And States Say

    The Consumer Financial Protection Bureau and a multistate coalition of attorneys general, including New York Attorney General Letitia James, have sued financial services firm StratFS and a web of related shell companies for running an illegal debt-relief enterprise that allegedly defrauded consumers out of more than $100 million.

  5. January 17, 2024

    Debt Relief Firms Call CFPB's Freeze 'Backdoor' Attack

    Dozens of debt relief law firms have accused the Consumer Financial Protection Bureau of carrying out a "backdoor" bid to shutter their businesses by freezing the assets of their administrative service providers, a move they told a New York federal court has stretched their operations thin and could result in $13 million of losses to consumers.

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