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Author archive: CFPB Web Team

Debt settlement company Morgan Drexen is no longer in business: What you should know

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Morgan Drexen has gone out of business. If you are a Morgan Drexen customer, you must take action on your debts. You can also request a refund of any money that is currently in your settlement account. In 2013, we sued debt settlement company Morgan Drexen for collecting illegal “upfront fees” for debt settlement services […]

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We’re ordering JP Morgan Chase to refund $50 million and stop collecting on 528,000 accounts

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Today we’re ordering JP Morgan Chase to stop illegal debt collections practices. Along with the Attorneys General in 47 states and the District of Columbia, we found that Chase sold credit card accounts to debt buyers that included amounts that were inaccurate or debts not owed by the consumer. Debt buyers then sought to collect […]

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CFPB Launches Nationwide Effort to Advance Financial Education in Schools

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CFPB Publishes Resource Guide for Policymakers WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau announced that it is launching a nationwide effort to advance financial education in schools. The Bureau is publishing “Advancing K-12 Financial Education: A Guide for Policymakers,” a resource guide which contains strategies for furthering the development and implementation of financial […]

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