The CFPB recently accelerated its enforcement focus in the area of consumer credit repair companies by filing an action against four California based entities and their individual owners.
This action will result in fines in excess of $2,000,000. For more details, see the CFPB website here. This is good news to the legitimate creditor community, since debtors are often misled by these companies, who prey on them and often compromise their ability to pay debts, even though that is what they are trying to do.
Hiday & Ricke has represented clients in collection matters throughout the state of Florida for over 30 years. Please feel free to contact us with any questions you may have at (904) 363-2769.