fbpx

Payday Loan Debt Solution

Meracord / NoteWorld Falls to CFPB. Global Client Solutions to Follow?

by

Yesterday the Consumer Financial Protection Bureau announced an action and settlement against Meracord, previously known as NoteWorld. Meracord was one of the two primary players assisting debt relief companies to collect money from consumers and then pass it on to debt relief companies. Global Client Solutions is the second. What makes this current episode all …

Read more

CFPB Goes After Advance Fee Debt Settlement Company in Nationwide Coordinated Enforcement

by

The Consumer Financial Protection Bureau has recently announced they have taken action against Payday Loan Debt Solution, Inc. (PLDS) and Sanjeet Parvani who routinely charged consumers upfront fees prior to settling the consumers’ debts. The CFPBs position was that the practice of charging consumers advance fees for debt settlement violates the Federal Trade Commission’s Telemarketing …

Read more