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Violation Tracker Individual Record

Company: Credit Repair Cloud
Penalty: $1,000,000
Year: 2024
Date: August 8, 2024
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: The Consumer Financial Protection Bureau (CFPB) filed a proposed order to resolve its lawsuit against Credit Repair Cloud for providing substantial assistance or support to credit repair businesses that charge illegal advance fees to consumers. The proposed order, if entered by the court, would impose a $1 million civil penalty against Credit Repair Cloud (and $2 million agaiknst its CEO). The order would also require the company to take steps to ensure credit repair companies using Credit Repair Cloud stop charging consumers illegal advance fees.
Level of Government: federal
Action Type: agency action
Agency: Consumer Financial Protection Bureau
Civil or Criminal Case: civil
Source of Data: (click here)
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.