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Violation Tracker Individual Record

Company: Morgan Drexen, Inc.
Penalty: $172,882,488
Year: 2016
Date: March 18, 2016
Offense Group: consumer-protection-related offenses
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
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.