CFPB wins $21 mln default judgment from Maryland debt relief firm

A federal judge in Baltimore has ordered a Maryland debt relief firm that claimed to be linked to the U.S. government to pay a $21 million default judgment after the company failed to respond to an enforcement action against it.

In a decision on Tuesday, U.S. District Judge George Russell also permanently banned the company, Federal Debt Assistance Association (FDAA), and its owners from offering debt relief or credit repair services in the future.

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LendingTree Study

The Consumers of this Nation are active working to improve their credit scores everywhere

LendingTree Logo. (PRNewsfoto/LendingTree, Inc.)

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LendingTree, Inc. Announces Agreement to Acquire Ovation Credit Services

CHARLOTTE, N.C., May 11, 2018 /PRNewswire/ — LendingTree, Inc. (NASDAQ:  TREE) announced today that it has entered into a definitive agreement to acquire Ovation Credit Services, Inc., a leading provider of credit services with a strong customer service reputation.  Ovation Credit Services utilizes a proprietary software application that facilitates the credit repair process and is integrated directly with certain credit bureaus while educating consumers on credit improvement via ongoing outreach with Ovation case advisors.

LendingTree Logo. (PRNewsfoto/LendingTree, Inc.)

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