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Home » CFPB Fires Back, Sues Morgan Drexen Debt Settlement Firm, CEO
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CFPB Fires Back, Sues Morgan Drexen Debt Settlement Firm, CEO

August 23, 2013
The Consumer Financial Protection Bureau, just weeks after being sued by two targets of its crackdown on the debt relief industry, fired back at one of them, the Morgan Drexen firm, and its CEO, Walter Ledda, for allegedly charging more than 22,000 customers millions of dollars in illegal upfront fees to help resolve outstanding debts. According to the bureau, when consumers sign up for Morgan Drexen’s services, the company presents them with two contracts, one for debt-settlement services, and the other for bankruptcy-related...
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