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Violation Tracker Individual Record

Company: Lexington Law and CreditRepair.com
Penalty: $2,700,000,000
Year: 2023
Date: August 28, 2023
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Mega-Scandal: Predatory Lending
Violation Description: The Consumer Financial Protection Bureau entered into a settlement with a ring of corporate entities operating some of the largest credit repair brands in the country, including Lexington Law and CreditRepair.com. The agreement followed a court ruling that the companies collected illegal advance fees for credit repair services through telemarketing. The settlement imposed a $2.7 billion judgment against the companies and banned them from telemarketing credit repair services for 10 years.
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.