By Joann Needleman, Jane Luxton and Thomas Brooks (September 5, 2017, 10:21 AM EDT) -- On Friday, Aug. 25, 2017, a federal district court in the Northern District of Georgia took the extraordinary step of dismissing an enforcement action brought by the Consumer Financial Protection Bureau against various payment processors due to the bureau's conduct during depositions despite orders from the court to the contrary. In those depositions, the bureau refused to provide any facts that would support its claims that the payment processors were aiding and abetting in the collection of illegal debts.
The history of the matter is as follows: In April 2015, the CFPB brought suit against various debt collectors as well as...
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