CFPB files suit against Morgan Drexen over debt-relief services

CFPB files suit against Morgan Drexen over debt-relief services

In August 2013, the CFPB sued morgan drexen and its president, Walter Ledda, for allegedly charging upfront "illegal fees" to "more than 22,000 customers" to "help them resolve outstanding debts" and for allegedly using "false and misleading advertising." Morgan Drexen allegedly deceived consumers into "signing up for costly bankruptcy-related services by telling them they.

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The consumer financial protection bureau filed suit against Walter Ledda and his debt settlement company, Morgan Drexen Inc., for charging illegal upfront fees and deceiving customers. The CFPB.

The Consumer Financial Protection Bureau filed suit against. related services – and charged fees to debt relief customers by labeling them bankruptcy-related services. Morgan Drexen performs little.

Share This Page CFPB Wins Final Judgment Against Morgan Drexen for Illegal Debt-Relief Scheme March 24, 2016 / Source: CFPB The CFPB’s lawsuit against Morgan Drexen alleged that the company charged illegal upfront fees and deceived consumers.

Court Rules that Morgan Drexen and Walter Ledda Charged Illegal Upfront Fees and Deceived Consumers. WASHINGTON, D.C. – At the request of the Consumer Financial Protection Bureau, a federal district court entered a final judgment this week against debt relief company Morgan Drexen, Inc., resolving a lawsuit filed by the CFPB in August 2013.

Company Made Misleading Claims about its Debt-Relief Services to Consumers. WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today filed a lawsuit in federal district court against a Nevada corporation, Morgan Drexen, Inc., and its president and chief executive officer, Walter Ledda, for charging illegal upfront fees and deceiving consumers.

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(The CFPB filed its lawsuit against Morgan Drexen in the same court in which it filed its lawsuit against Chance Gordon, a law firm alleged to have falsely promised mortgage loan modifications in.

In a complaint filed in federal court, the CFPB alleges that Howard Law, P.C., the Williamson Law Firm, LLC, and Williamson & Howard, LLP, as well as attorneys vincent howard and Lawrence Williamson, ran this debt relief operation along with Morgan Drexen, Inc., which shut down in 2015 following the CFPB’s lawsuit against that company.

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Law360, Los Angeles (February 10, 2015, 9:14 PM EST) — The Consumer Financial Protection Bureau on Tuesday pushed for default sanctions against. prepared to file the instant suit, Morgan Drexen in.

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