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Bureau sues largest U.S. debt-settlement service provider

The CFPB announced yesterday it has filed a complaint in federal court against Freedom Debt Relief, the nation’s largest debt-settlement services provider, and its co-CEO Andrew Housser, for deceiving consumers. The CFPB alleges that Freedom charges consumers without settling their debts as promised, makes customers negotiate their own settlements, misleads them about its fees and the reach of its services, and fails to inform them of their rights to funds they deposited with the company.

Update, 7/9/2019: The CFPB announced 7/9/2019 that it had settled its suit against Freedom Debt Relief. See our Top Story.

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