A Los Angeles software provider for credit repair services and its founder will pay a combined $3 million to resolve Consumer Financial Protection Bureau claims that they helped companies charge illegal advance fees.
Credit Repair Cloud agreed to pay a $1 million civil money penalty and its CEO Daniel Rosen will fork over $2 million to bring to a close litigation the CFPB launched in September 2021, the agency and counsel for the defendants said in a Thursday joint filing in the US District Court for the Central District of California.
Judge John F. Walter will have to approve the ...
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