Last week, the Consumer Financial Protection Bureau sued Freedom Debt Relief, the nations largest debt settlement services provider, claiming that the company repeatedly lied to its customers about the companys ability to negotiate debt settlements.
According to the CFPB, Freedom Debt Relief collects fees from customers without settling their debts as promised, makes customers negotiate their own settlements, misleads them about the companys fees and the scope of its services, and fails to inform them of their rights to money they deposited with the company.
Freedom Debt Relief, on the other hand, claims that the CFPB fundamentally misunderstands the debt settlement process and says that it plans to vigorously contest t…
Read the full article at: https://www.housingwire.com/articles/41808-freedom-debt-relief-cfpb-fundamentally-misunderstands-debt-settlement-process
