CFPB sues credit repair company for misleading consumers and charging illegal fees

The Consumer Financial Protection Bureau on Friday sued the credit repair company Prime Marketing Holdings, LLC, which the CFPB alleges charged consumers a series of illegal advance fees and misrepresented the cost and effectiveness of its services. The CFPB is seeking to halt the company’s harmful conduct and to obtain relief for consumers, including refunds of fees paid to the company.

The CFPB's press release is here.

The CFPB also posted on its blog advice on "How to avoid credit repair service scams." That advice is available here.

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