Tag Archives: CFPB v. BrightSpeed Solutions

Payment Processor to Pay $500k Fine, Face Ban from Collection Business in Proposed Settlement with CFPB

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The Consumer Financial Protection Bureau yesterday announced a proposed settlement with a payment processing company and its founder that were both sued last year for allegedly knowingly processing payments on behalf of companies that were defrauding consumers, which will see the pair permanently banned from the debt collection industry, among …

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