CFPB, Georgia Settles Down With Company In Debt Relief Services Business

Law360 (June 29, 2021, 8:09 p.m. EDT) – A Maryland company accused of racking up millions in upfront fees while breaking promises to help consumers eliminate credit card debt has been ordered to fined and prohibited from offering debt relief services as part of a settlement with the Consumer Financial Protection Bureau and the State of Georgia.

In a consent judgment approved by Atlanta federal court on Tuesday, the CFPB and Georgia secured terms that require Towson, Md. Based Burlington Financial Group LLC and several senior executives to pay civil fines totaling $ 150,001 and permanently bans them from providing debt relief, credit repair, or financial counseling services.

The judgment also includes …

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