Debt Settlement Company Faces Consumer Bureau Action for Deceptive Practices

Debt settlement company DMB Financial is facing a potential $5.4 million fine and other penalties as a result of action taken by the Consumer Financial Protection Bureau (CFPB).

Here’s more on the action taken to protect consumers:

“DMB Financial preyed on consumers who were struggling financially, charging millions of dollars in illegal upfront fees and hiding the true cost of its services,” said CFPB Acting Director Dave Uejio. “Charging upfront fees for debt settlement is…

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Andy Spears

Writer and policy advocate living in Nashville, TN —Public Policy Ph.D. — writes on education policy, consumer affairs, and more . . .