Credit Repair Co. cannot give up CFPB telemarketing suit

By on August 11, 2021 0
Law360 (Aug 11, 2021, 4:55 p.m. EDT) – A federal judge kept alive a Consumer Financial Protection Bureau lawsuit on Tuesday accusing a Boston-based credit repair company of tricking consumers into making upfront payments on their behalf. promising to improve their credit rating. , rejecting arguments that the laws in question are unconstitutionally vague or discriminatory.

U.S. District Judge Rya W. Zobel issued an 11-page order allowing CFPB and Massachusetts to pursue allegations that Commonwealth Equity Group LLC, which operates as Key Credit Repair, lied to clients about their ability to improve their credit rating and demanded payment. in the front. The lawsuit says the alleged practices violated the telemarketing rule, …

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