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Consumer Financial Protection Bureau Takes Action Against Credit Repair Companies

The CFPB recently took action against a company that it found had made misleading and deceptive representations. According to the complaint filed in court, the CFPB asserted that Federal Debt Assistance Association, LLC and Financial Document Assistance Administration, Inc., both operating as FDAA falsely promised to eliminate consumers’ debts and improve their credit scores in exchange…

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Michigan Secretary of State Takes Action Against Used Car Dealers

In August 2017, the Office of Investigative Services at the Michigan Secretary of State took administrative action against several used car dealers.  Licenses of four used auto dealers in Detroit, Roseville, Farmington and Redford were summarily suspended failing to follow proper procedures as required by law. Infiniti Motor Group, Inc., 24909 Plymouth Road in Redford. The dealership…

How Credit Repair Companies Scam Michigan Consumers

According to the federal government, the average consumer spends over $800.00 on credit repair services. Most consumers end up with poor results. But most Michiganders would not hire these companies if they knew two important facts. First, credit repair companies cannot offer to perform services beyond 90-days. Let’s face it, many credit repair companies are…

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New York AG and CFPB finally take action against alleged Buffalo collection scheme

New York AG, CFPB join forces to fight illegal national debt collection scheme : Frost Illustrated A new federal lawsuit alleges that since at least 2009, two major players in the debt collection industry have illegally operated, harassed, threatened and deceived millions of consumers across the country—often for debts that were either inflated or not…