Consumer Feds Sue, Score Preliminary Injunction Against Suspected Debt Relief Racket Accused Of Pocketing $67M In Illegal Upfront Fees From At Least 21,000 Consumers

From a recent post on Public Citizen's Consumer Law & Policy Blog:

• The Consumer Financial Protection Bureau [] obtained a preliminary injunction against World Law Group and its senior leaders for running a debt-relief scheme that the CFPB alleged charged consumers exorbitant, illegal upfront fees.
  
  The CFPB alleges the debt-relief scheme falsely promised consumers a team of attorneys to help negotiate debt settlements with creditors, failed to provide legal representation, and rarely settled consumers’ debts.
  
  World Law is alleged to have taken $67 million from at least 21,000 consumers before providing any debt-relief services. The preliminary injunction order halts World Law’s operations and freezes the defendants’ assets while the case is pending.
  
  Details and a link to the order are available from the CFPB, here.

Source: CFPB sues over illegal debt-relief scheme that took $67 million from 21,000 consumers.