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

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