CFPB Lays Out Efforts on Morgan Drexen Payouts
The CFPB is promoting redress efforts involving the now bankrupt debt collector Morgan Drexen, which was ordered to pay $133 million to individuals enrolled in their debt settlement services. The company's bankruptcy has impacted repayment capacity, but the CFPB is chipping in funds from the Civil Penalty Fund to help compensate impacted individuals. Checks are in the mail. [9/5/17]