Listen to this articleAttorney General Peter F. Neronha has filed a lawsuit against Palisade Legal Group, PLLC, and its sole member Michael Moccia, alleging the company violated state consumer protection laws through deceptive debt management practices.
The lawsuit, filed in Providence Superior Court, accuses Palisade of operating an unlicensed debt-management service and charging illegal fees that harm Rhode Island consumers.
According to the complaint, Palisade charged consumers a flat 27.5 percent fee on total enrolled debt, which exceeds state-mandated limits. Typically, Rhode Island law caps such fees at 30 percent of negotiated debt relief based on actual savings.
The Attorney General’s Office provided an example of a…
