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CFPB Inks $1.4M Illegal Fees Deal With Payment Processor

By Erica Teichert ( October 3, 2013, 4:00 PM EDT) -- The Consumer Financial Protection Bureau and a major debt-settlement payment processor agreed on Thursday to settle allegations that the company helped collect more than $11 million in illegal upfront fees from debt settlement customers with a nearly $1.4 million penalty....

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