CFPB files lawsuit against alleged ‘debt collection lawsuit mill’

07/14/2014 // West Palm Beach, Florida, US // JusticeNewsFlash // Justice News Flash // (press release)

Georgia – The Consumer Financial Protection Bureau has filed a lawsuit against a Georgia company accused of engaging in deceptive debt collection practices. As reported by THE HILL, the watchdog alleges that Frederick J. Hanna & Associates made attempts to intimidate consumers with deceptive court filings and poor evidence for claims that they owe debts that do not actually owe.

Director Richard Cordray is quoted as stating of the allegations, “The Hanna firm relies on deception and faulty evidence to drag consumers to court and collect millions… We believe they are taking advantage of consumers’ lack of legal expertise to intimidate them into paying debts they may not even owe.”

The regulator has further stated that hundreds of thousands of lawsuits have been filed on behalf of credit card issuers, debt buyers, and other clients in connection with the allegations of deceptive practices.

This report is provided by Justice News Flash – Georgia Legal News

Media Information:

Address: 215 South Olive Suite 300 W. Palm Beach FL 33401
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Url: http://justicenews.visionsmartnews.com/cfpb-files-lawsuit-against-alleged-debt-collection-lawsuit-mill_12159.html

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