District Court: CFPB May Hold Law Firm Owners Individually Liable for Alleged Violations

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District Court: CFPB May Hold Law Firm Owners Individually Liable for Alleged Violations

HIGHLIGHTS:

  • The U.S. District Court for the Western District of Wisconsin has ruled that the Consumer Financial Protection Bureau (CFPB) may hold the owners of two law firms offering debt-relief services liable for alleged violations of federal consumer protection laws.
  • The CFPB brought the action against two law firms and four lawyers associated with them, alleging violations of the Consumer Financial Protection Act of 2010 (CFPA) and Regulation O, which governs mortgage assistance relief services.
  • The court ruled that the defendants misrepresented their services to consumers and charged consumers impermissible advance fees.

The U.S. District Court for the Western District of Wisconsin ruled on July 20, 2016, that the Consumer Financial Protection Bureau (CFPB) may hold the owners of two law firms offering debt relief services liable for alleged violations of federal consumer protection laws. In a 54-page opinion, the court also ruled that the defendants misrepresented their services to consumers and charged consumers impermissible advance fees. In its ruling, the court punted on the question of whether the defendant law firms’ debt relief services qualified as the practice of law and thus were outside of the CFPB’s authority. Lastly, the court also held that the individual defendants may be liable not just for illegal profits, but for all of the revenue generated by the defendants’ alleged illegal practices.

Rest here…

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4closureFraud.org

Comments
8 Responses to “District Court: CFPB May Hold Law Firm Owners Individually Liable for Alleged Violations”
  1. lvent says:

    Instead, they’re trying to rob me of everything by using their own criminal imposter perps who think my stolen identity is theirs to CRIMINAL TRESSPASS unlawfully upon my legal rights & they’re not & they won’t ever be.

  2. lvent says:

    I can prove it because they stole my MITSUBISHI ENDEAVOR in 2014 to hide it because I was forced to defend 2 FC’s myself PRO SE for the past 5 years.

    I clearly won both suits & I should have received monetary settlement for being robbed of over 5 years of my life by being forced to defend my titles myself from these identity thieves.

  3. lvent says:

    Moreover, they’re using SECURITIES FRAUD by UNLAWFUL DETAINER to misapply their criminal fraud upon me unlawfully by DESTRUCTION OF EVIDENCE their investment counterfeiters.

  4. lvent says:

    The crooks who stole my identity unlawfully by stealing my social # 341-66-6698 haven’t stopped trying to steal everything from me by DEFAMATION OF CHARACTER which is CRIMINAL ENTRAPMENT by INVESTMENT FRAUD.

  5. Angel says:

    I think this is GREAT,,,& hopefully this probe continues,,,because L.S.R needs to be dealt with,this firm is a FORECLOSURE MILL, & creates false documents,along with SAME actions CFPB have mentioned in this post.Cincinnati,Ohio.is were firm is located & ARE DOING EXACT SAME AS THESE LAWYERS IN THIS POST.HOPEFULLY THIS SPREADS ACROSS TH US:-) &FINALLY STOPS THESE ”LIFE/LIBERTY THIEVES.THANK YOU CFPB 🙂 YOU ARE MAKING A DIFFERENCE:-)

  6. johenrion says:

    I’ve about had it with the whole mess. Once I saw the new statistics that show most Americans make less than 52K, 30K after taxes, all while we do the bidding and carry out the will of the 10% who hold 90% of the money, I’m about ready to sell out, plant a garden and never do another days work in my life. Let them run their economy without the “worker bees”, the ones they care nothing about anyway. Let the rich guys run their factories, let them pick up the trash, let them harvest their own food, if there is any to harvest and while they’re at it, they can cook it too! I can no longer be a relevant Realtor as I can now be sued for selling properties that have a clouded title and as we all know, almost all have clouded titles now. If truth were known, those of us in that 52K category most likely pay more taxes than most multi-millionaires and I’m just sick, sick, sick of the whole damn stacked deck! Let them play those cards by themselves.

    Maybe we better go to Mexico before Trump builds the wall! Now I’m hearing “dark money” is coming into the banking system! Wow how shocking. Just what we need, drug cartels to partner up with our banksters! Just peachy!

  7. geezrkatz says:

    Why does CFPB hold law firms who represent cases and be allowed to argue for say OCWEN/HSBC/AHMSI without proving interest or standing as required by Federal Law outlined under Truth IUn Lending Law (1968). To a pro se litigant it would seem a Federal Court Judge would be obligated to demand/require such Attorneys be obliged to proffer Proof of Standing and if they can not then dismiss them,m perhaps with sanctions and penalties for for filing cases without such proof. I am a victim of a Federal Court Judge not only failing to uphold TILA as she was sworn to do on becoming a Federal Court Judge and instead dismissing me pros se and giving my equity ($340K) to the 3 mention mortgage businesses all of whom were under Federal investigation for fraud and in HSBC case was under FBI investigation for laundering South American Drug Cartel Cocaine profits. HSBC was a financial partner with Ocwen. Ocwen owned AHMSI. What a pity our Federal Courts adversely rule against csuch as me andf in favor of clearly dangerous mortgage servicing companies who have no provable interest in the vidtims property and reduces victims like me into poverty with the swipe of a pen. (true story)

  8. lvent says:

    Maybe the governor’s should be criminally investigated for securities fraud from JIM EDGAR to GEORGE RYAN up to BRUCE RAUNER because they’re notoriously drunk with power.

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