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Illinois Federal Court Awards CFPB More than $43 Million Against Former Owner of Debt-Relief Company - Weiner Brodsky Kider PC
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Illinois Federal Court Awards CFPB More than $43 Million Against Former Owner of Debt-Relief Company - Weiner Brodsky Kider PC
In a recent order, a federal judge for the U.S. District Court for the Northern District of Illinois awarded the CFPB $2,117,133.28 in restitution and a $41,123,897 civil money penalty against the former owner of a dissolved debt-relief company for violations of the Consumer Financial Protection Act and the Telemarketing Sales Rule. Following entry of default judgment against the company and its former owner, the court requested additional brief…
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