CFPB Files its First Civil Enforcement Action

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Patrick Lunsford August 2, 2012 1 Response http://www.insidearm.com/daily/collection-laws-regulations/collection-laws-and-regulations/cfpb-files-its-first-civil-enforcement-action/

A couple of weeks ago, the Consumer Financial Protection Bureau (CFPB) filed its first-ever civil enforcement action against a California law firm accused of scamming homeowners in a loan modification pitch.

The action was very quiet, with the CFPB not mentioning it on their site or on their consumer blog. The blog site of legal publication LegalTimes first broke the news.

The complaint, which was filed July 18 and unsealed July 23 in U.S. District Court for the Central District of California, accuses Chance Gordon and his firm, The Gordon Law Firm, of charging thousands of dollars in advance fees and then doing “little or nothing to assist consumers.” The CFPB secured a restraining order against the firm at the time it filed the complaint.

Read more about the case at The BLT: The Blog of LegalTimes.

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