CFPB v. Morgan Drexen, Inc. and Walter Ledda
The Consumer Financial Protection Bureau, or CFPB, sued Morgan Drexen and its owner Walter Ledda in 2013 for charging illegal upfront fees for debt relief services and not describing their services accurately.
The court found that the company violated federal law, prohibited Morgan Drexen from collecting any further fees from its customers, and ordered Morgan Drexen to pay a civil penalty to the CFPB.