Violation Tracker Individual Record
: Global Client Solutions
: August 25, 2014
: consumer-protection-related offenses
: consumer protection violation
: The Consumer Financial Protection Bureau announced an enforcement action against Global Client Solutions, a leading debt-settlement payment processor, for allegedly helping other companies to collect tens of millions of dollars in illegal upfront fees from consumers. The Bureau asked a federal district court to approve a consent order that would require the company and its two owners to halt all illegal activities and to pay over $6 million in relief to consumers as well as a $1 million civil penalty.
Level of Government
: agency action
: Consumer Financial Protection Bureau
Civil or Criminal Case
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Current parent company note
: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log