CFPB Sues Debt Settlement Company and its Owners for Abusive Telemarketing Practices | Ballard Spahr LLP
[author: Susan Nikdel] On November 20, 2020, the CFPB filed a lawsuit against a student-loan debt-relief company, FDATR, Inc., and its owners, Dean Tucci and Kenneth Wayne Halverson. FDATR was an Illinois company that involuntarily dissolved in September 2020. Through telemarketing and telephone sales, FDATR promised to provide student-loan debt-relief and credit-repair services to consumers. The complaint, filed in an Illinois federal district court, alleges that FDATR and its owners violated the Telemarketing Sales Rule (TSR) by engaging in deceptive and abusive telemarketing acts or pract...
Source: jdsupra.com