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Consumer Financial Protection Bureau et al v. Stratfs, LLC (f/k/a Strategic Financial Solutions, LLC), et al
Case Number:
1:24-cv-00040
Court:
Nature of Suit:
Judge:
Firms
- Connors LLP
- Duke Holzman
- Dykema Gossett
- Faegre Drinker
- Lippes Mathias
- Loeb & Loeb
- Pallas Partners
- Personius Melber
- Phillips Lytle
- Rathje Woodward
- Riley Safer
- Woods Oviatt
Companies
Government Agencies
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January 19, 2024
Debt Relief Co. Fleeced $100M, CFPB And States Say
The Consumer Financial Protection Bureau and a multistate coalition of attorneys general, including New York Attorney General Letitia James, have sued financial services firm StratFS and a web of related shell companies for running an illegal debt-relief enterprise that allegedly defrauded consumers out of more than $100 million.
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January 17, 2024
Debt Relief Firms Call CFPB's Freeze 'Backdoor' Attack
Dozens of debt relief law firms have accused the Consumer Financial Protection Bureau of carrying out a "backdoor" bid to shutter their businesses by freezing the assets of their administrative service providers, a move they told a New York federal court has stretched their operations thin and could result in $13 million of losses to consumers.