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CPFB Settles with Debt-Relief and Credit-Repair Company for Deceptive Services | Weiner Brodsky Kider PC


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The U.S. District Court for the Northern District of Georgia recently entered a stipulated final judgment and order between the CFPB and a debt-relief and credit-repair company and its owners, for soliciting customers with false promises that the company would eliminate credit-card debts and improve credit scores, in violation of the Telemarketing and Consumer Fraud and Abuse Prevention Act, the Telemarketing Sales Rule, the Consumer Financial Act of 2010, and the Fair Business Practices Act. 
The complaint, which the CFPB filed jointly with the State of Georgia, alleges that the company targeted financially vulnerable customers through telemarketing, collecting millions of dollars in advance fees, claiming that it provided “debt validation” services that would eliminate debt.  The complaint further alleges that consumers’ credit scores were not tracked, and that consumers were often left with increased ....

United States , State Of Georgia , Weiner Brodsky Kider , Us District Court , Northern District , Consumer Fraud , Abuse Prevention Act , Telemarketing Sales Rule , Consumer Financial Act , Unfair Business Practices , ஒன்றுபட்டது மாநிலங்களில் , நிலை ஆஃப் ஜார்ஜியா , வீனர் ப்ரோட்ஸ்கேய் கீடேர் , எங்களுக்கு மாவட்டம் நீதிமன்றம் , வடக்கு மாவட்டம் , நுகர்வோர் மோசடி , டெலிமார்க்கெட்டிங் விற்பனை ஆட்சி , நியாயமான வணிக ப்ர்யாக்டிஸஸ் ,

Recent Trends and Defense Strategies in Agent Sales Practice Suits | Carlton Fields


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Allegations of misconduct by agents and brokers are a consistent feature of lawsuits aimed at insurance companies. Several recent court decisions illustrate the types of claims insurers have faced and which defense strategies are proving successful.
The claims generally fall into two archetypes: misrepresentations by the insurance agent during the sale of the policy, and fraud by the insurance agent after the sale of the policy. In one recently filed putative class action, for example, the plaintiff claimed that agents were trained and incentivized to trick consumers into replacing whole life policies with universal life policies and that, in doing so, agents misrepresented the terms or benefits of the universal life policies. In another case, the plaintiff sued an agent and insurer, alleging that the agent (who was also the decedent’s brother) improperly designated himself as the beneficiary of the decedent’ ....

United States , Companion Life Insurance Co , Transamerica Life Insurance Co , Lincoln National Life Insurance Co , Unfair Business Practices , ஒன்றுபட்டது மாநிலங்களில் , துணை வாழ்க்கை காப்பீடு இணை , நியாயமான குழந்தை , டிரான்ஸ்அமெரிக்கா வாழ்க்கை காப்பீடு இணை , லிங்கன் தேசிய வாழ்க்கை காப்பீடு இணை , நியாயமான வணிக ப்ர்யாக்டிஸஸ் ,