CFPB v. American Debt Settlement Solutions, Inc.
The CFPB investigated American Debt Settlement Solutions, Inc. (ADSS) and determined that it violated the law, including by promising debt-relief services and then never providing them.
In 2013, we sued ADSS to stop its illegal practices. The company agreed to a settlement with us. As a result of that settlement, eligible consumers harmed by ADSS’s unlawful practices received compensation from the CFPB.
The CFPB contracted with Epiq Systems, Inc. to administer victim payments and answer questions from consumers about these payments and this case.
This matter is now closed. Payments and check reissue requests are no longer being honored.
May 21, 2014 – December 09, 2015: First distribution
March 4, 2016 – June 02, 2016: Second distribution