Copy of complaint here: http://files.consumerfinance.gov/f/201407_cfpb_complaint_hanna.pdf
The lawsuit seeks damages and other relief. I believe this is a really good lawsuit from the consumer point of view, if in fact the law firm had sued a consumer they may be entitled to relief from their default judgments.
It is entirely likely that the magistrate courts in GA will be receiving a flood of motions to vacate many of these defaults now that the CFPB has taken the time to establish a legal and factual basis to attack and then undo what's been done.
Well played. I do not normally support the CFPB but I am familiar with Frederick J. Hanna's firm and I believe that they simply went way over their own heads by expanding into hundreds of thousands of law suits in GA.
See also a Bloomberg Report on the issue: