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Understanding the Consumer Financial Protection Bureau v Frederick J. Hanna & Associates Case

Mid July 2014 the Consumer Financial Protection Bureau filed a lawsuit against a mass collection-mill law firm for violation of two statutes. The Consumer Financial Protection Act and the Fair Debt Collection Practices Act.

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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:

http://www.bloomberg.com/news/2014-08-08/firm-suing-270-debtors-daily-accused-of-high-speed-errors.html

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