Here’s a quick history of the Consumer Financial Protection Bureau’s case against Credit Repair Cloud:
A few months back, the Consumer Financial Protection Breau issued a civil investigative demand to Credit Repair Cloud, asking for information about the credit repair companies using the Credit Repair Cloud software.
Credit Repair Cloud declined the invitation to provide the requested information.
In return, the Consumer Financial Protection Bureau sued Credit Repair Cloud for, among other things, substantially assisting credit repair companies to violate the Telemarketing Sales Rule.
Today, Credit Repair Cloud filed a motion to dismiss the CFPB’s complaint against them.
Here’s a copy of their motion to dismiss: