A Florida debt settlement firm has been called to task for illegally charging upfront fees for services never rendered. Under order from a federal district court, Payday Loan Debt Solution Inc. will refund up to $100,000 to consumers in Hawaii, New Mexico, North Carolina, North Dakota, and Wisconsin. The settlement also stipulates that it pay a $5,000 fine to the Consumer Financial Protection Bureau's Civil Penalty Fund. "This action is part of the CFPB's comprehensive effort to prevent consumer harm in the debt-relief industry," according to a press release from the regulator. "The bureau is working to ensure federal consumer laws are being followed at every stage of the process and is focusing not only on debt-relief service providers, but also on their partners, including those who facilitate their unlawful conduct and who may also violate federal consumer financial laws."
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