On June 10, the CFPB moved to reopen its 2021 enforcement action against the final remaining defendant in a student debt relief case involving over $3.4 million in alleged illegal advance fees. The Bureau, under Acting Director Russel Vought, told the U.S. District Court for the Central District of California it will proceed against the individual defendant following a four-month stay.
The CFPB previously settled with the other defendants in the case, including the company and its nominal owner, who agreed to dissolve the business and pay a $2,000 civil penalty based on an inability to pay. The current motion seeks to lift the administrative stay and proceed with summary judgement briefing against the final defendant.
In its…
