Freedom Debt Relief Sucks In Bank to FDIC Action and Limits Fees
The Federal Deposit Insurance Corporation (FDIC) recently took action against Cross River Bank and “its institution-affiliated party, Freedom Financial Asset Management, LLC (FFAM), San Mateo, California, for unfair and deceptive practices.” The FDIC says, “Cross River Bank originates C+ Loans, an unsecured debt consolidation loan product, through FFAM. C+ Loans are offered exclusively to consumers …