We explain the Court's decision to deny Credit Repair Cloud's motion to dismiss the Consumer Financial Protection Bureau's complaint.
Substantial assistance is a provision of the Telemarketing Sales Rule (TSR) which can impose liability on anyone (even if you're not a telemarketer) if you substantially assist a telemarketer violating the TSR.
Did the FTC intend to modify the credit repair payment restriction and allow credit repair companies to adopt the debt-settlement-specific escrow arrangement?
Referring credit-challenged clients to credit repair companies is a lot more serious and consequential than you might think. Consult this post as a warning and an opportunity for credit-related services.
Credzu.com Eliminates Credit Repair Scams and Promotes Regulatory Compliance with Its Online Escrow Platform