CFPB Files Consent Order Against Debt Litigation Firm
Sharon Edmondson, Washington Legislative Team Member | December 29, 2015
The CFPB has filed a consent order against a Georgia-based law firm for alleged overly aggressive debt collection tactics.
The consent order would resolve an ongoing CFPB lawsuit against Frederick J. Hanna & Associates and require the firm to pay $3.1M in penalties. The CFPB first sued the firm in July 2014.
The CFPB is seeking compensation for victims, a civil fine, and an injunction against the company and its partners. The CFPB alleges that the firm produces hundreds of thousands of debt collection lawsuits against consumers on behalf of its clients, which mainly include banks, debt buyers, and major credit card issuers. Between 2009 and 2013 the firm filed more than 350,000 debt collection lawsuits in Georgia alone. Click here
for a copy of the complaint.