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Federal Debt Assistance Association, LLC, Financial Document Assistance Administration, Inc., Clear Solutions, Inc., Robert Pantoulis, David Piccione, and Vincent Piccione

The Consumer Financial Protection Bureau filed suit in federal court against two companies operating under the name “FDAA,” a service provider, and their owners for falsely presenting FDAA as being affiliated with the federal government. The Bureau also alleges that FDAA’s so-called “debt validation” programs violated the law by falsely promising to eliminate consumers’ debts and improve their credit scores in exchange for thousands of dollars in advance fees. The court entered default judgment against all of the defendants on May 22, 2018, after they failed to respond to the Bureau’s lawsuit. The court’s order bans the defendants from providing debt-relief or credit-repair services to consumers, requires them to pay $4.9 million in redress to consumers, and imposes a civil penalty of $16 million.

Related documents


Default Judgment and Order

Press release

CFPB Sues Debt-Relief Companies Illegally Posing As Federal Government