CFPB Obtains Injunction Against World Law Group

The CFPB recently obtained preliminary injunctions against debt-reduction company World Law Group, its affiliates and its owners, thereby freezing the company's assets and stopping all further operations pending the outcome of a CFPB lawsuit against the company. The injunctions, issued on September 2 and September 14, come on the heels of the complaint filed by the agency last month in the U.S. District Court for the Southern District of Florida. In the complaint, the CFPB alleges that World Law Group operated an illegal debt-relief scheme that charged consumers "exorbitant" upfront fees and rarely delivered promised services, ultimately collecting over $67 million in illegal fees from at least 21,000 consumers.