CFPB Puts Debt-Settlement Firm in Chokehold

The CFPB recently brought charges against Premier Consulting Group for illegally charging up-front fees for debt-settlement services that customers never received. In many instances, the upfront fees coupled with the ineffective or non-existent services offered caused consumers to fall deeper in to debt. Premier Consulting Group is set to pay a fine of $69,075, and will be prohibited from future violations. [12/5/14]