CFPB v. Yorba Capital Management, LLC and Daniel Portilla, Jr.
On April 6, 2021, the Bureau issued a consent order against Yorba Capital Management, LLC (Yorba), and its owner and managing member, Daniel Portilla, Jr. (Portilla).
The Bureau found that from January 2017 until at least April 2020, Yorba and Portilla engaged in deceptive acts or practices in violation of the Consumer Financial Protection Act of 2010 and that Yorba violated the Fair Debt Collection Practices Act by mailing notices to consumers in an attempt to collect debt that falsely represented that consumers would be sued and that there would be further legal action if the consumers did not pay the debt amount on the notices.
Victim compensation
The CFPB contracted with RUST Consulting, LLC 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.
Important dates
September 2022 – February 2024
More information about the case
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