Fort Lauderdale, FL (PRWEB) May 17, 2013
The American Fair Credit Council (“AFCC”), the industry trade group representing the consumer debt resolution industry, announced today that Mission Settlement Agency, an AFCC member, has been suspended pending the resolution of a criminal referral of Mission Settlement by the Consumer Financial Protection Bureau (“CFPB”) to the United States Department of Justice.
USA v. Mission Settlement Agency et al- Alpha Debt Settlement Court: nysdce Case: 1:2013-cr-00327 Date Filed: 05/01/2013
“While we take no position on the pending indictment, we cannot allow any allegations of improper behavior to place at risk the hard-won reputation of the AFCC in the minds of consumers seeking debt resolution services,” said Robert Linderman, Vice President of the Executive Board of the AFCC. “The AFCC was founded on the pledge by each of its members to scrupulously observe the Federal Trade Commission’s rules, particularly the FTC’s prohibition on the collection of advance fees, and any member suspected of failing to observe those rules will be immediately suspended until all questions are resolved.”
Following up on Mr. Linderman‘s comments, Tomas Gordon, a member of the Executive Board, observed, “The AFCC investigates promptly any allegation of misconduct by any member and, if appropriate, makes enforcement referrals to both the CFPB and the FTC. We take very seriously any allegation of consumer harm and will, to the best of our ability, cooperate in any investigation of possible misconduct by the authorities.”
American Fair Credit Council