CFPB Sets Standards for the Debt Collection Industry Through Enforcement: A Look at Hanna

Brian Goodrich, Associate at Holland & Knight, also contributed to this piece

On January 6, 2016, the Federal District Court for the Northern District of Georgia entered the Consumer Financial Protection Bureau’s proposed consent order in the CFPB’s lawsuit against Frederick J. Hanna & Associates, P.C. The CFPB brought suit against Hanna & Associates in July 2014, alleging that the law firm and its three principal partners were operating an illegal debt collection lawsuit mill.  The CFPB alleged that the law firm’s operations violated both the Fair Debt Collection Practices Act and Dodd-Frank Wall Street Reform and Consumer Protection Act.

The consent order requires Hanna & Associates to:

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