Violation Tracker Individual Record

Company: 
Morgan Drexen, Inc.
Current Parent Company: 
Morgan Drexen
Penalty: 
$172,882,488
Year: 
2016
Date: 
March 18, 2016
Primary Offense: 
consumer protection violation
Violation Description: 

At the request of the Consumer Financial Protection Bureau, a federal district court entered a final judgment against debt relief company Morgan Drexen, Inc., resolving a lawsuit filed by the CFPB in August 2013. The Bureau's lawsuit against Morgan Drexen alleged that the company charged illegal upfront fees and deceived consumers.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Consumer Financial Protection Bureau
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
California
Ownership Structure of Parent: 
out of business
Major Industry of Parent: 
miscellaneous services
Specific Industry of Parent: 
debt relief services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.