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Expert Analysis

Regulatory Trends Offer 4 Lessons For Debt Relief Providers

By Moorari Shah, A.J. Dhaliwal and Mehul Madia ( March 1, 2024, 10:42 AM EST) -- On Jan. 10, the Consumer Financial Protection Bureau and the attorneys general of seven states filed suit against New York-based debt relief company StratFS LLC, and its founders and certain affiliated entities, in the U.S. District Court for the Western District of New York. The suit alleges violations of the Telemarketing Sales Rule, or TSR, and New York and Wisconsin state law.[1]...

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