Freedom Debt Relief, the nations largest debt settlement services provider, built its business on lying to its customers about the companys ability to negotiate debt settlements, the Consumer Financial Protection Bureau claims.
The CFPB announced Wednesday that it is suing Freedom Debt Relief and its co-CEO, Andrew Housser, for violating the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Telemarketing Sales Rule by repeatedly deceiving customers.
According to the CFPB, Freedom collects fees from customers without settling their debts as promised, makes customers negotiate their own settlements, misleads them about the companys fees and the scope of its services, and fails to inform them of their right…
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