Delray Capital News Today : Breaking News, Live Updates & Top Stories | Vimarsana

CFPB and NY AG Go After Hidden Assets of Now Defunct Debt Collection Scheme Published on: 26 April 2021 at 10:00 a.m. ET April 26, 2021, 10 a.m. April 26, 2021, 9:28 a.m. insideARM.com The iA Institute announced that it filed a complaint in federal court to seize a $1.6 million home; the ownership of which it alleges was transferred fraudulently by the operator of a massive and now-defunct debt-collection scheme. In 2019, the CFPB and New York Attorney General reached a settlement with Douglas MacKinnon, Northern Resolution Group, LLC, Enhanced Acquisitions, ...

On April 6, the Consumer Financial Protection Bureau (CFPB) issued a consent order against California-based debt collector Yorba Capital Management LLC and its sole owner Daniel Portilla, Jr. for violating the Consumer Financial Protection Act and the Fair Debt Collection Practices Act. The consent order permanently bans Yorba and Portilla from the debt collection business and orders restitution and penalties to resolve the findings of the CFPB. The consent order states Yorba and Portilla allegedly harassed consumers from January 2017 until April 2020 by threatening legal action. Specificall...