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CFPB bars GA law firm and issues $3.1 CMP

Fine Amount: 
$3.1 million
Penalty Type: 
Issued by: 

The CFPB has reported that a proposed consent order has been filed in federal court that would resolve a lawsuit against Frederick J. Hanna & Associates, a Georgia-based law firm, and its three principal partners, for operating an illegal debt collection lawsuit mill. The CFPB complaint alleged that the defendants violated the Dodd-Frank’s prohibition on deceptive practices as well as the Fair Debt Collection Practices Act. The order, if approved by the court, would bar the firm and its principal partners from illegal debt-collection practices, including filing lawsuits without being able to verify the consumers’ debt is owed, and intimidating consumers with deceptive court filings. The order would also require the firm and its principals to pay $3.1 million to the Bureau’s Civil Penalty Fund.

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