The Consumer Financial Protection Bureau and a law firm agreed to a $12 million settlement that brings to a close a decade-old case over allegations the firm charged millions of dollars in illegal advance fees to distressed homeowners who never received legal services.
The US Court of Appeals for the Seventh Circuit dismissed the CFPB’s case against Consumer First Legal Group LLC and four attorneys in an unsigned Feb. 7 order, the CFPB announced. The move came after the federal consumer finance watchdog and the defendants filed a joint motion for dismissal of the case on Feb. 6
The two ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.