CFPB v. Daniel Rosen

Daniel Rosen and Credit Repair Cloud allegedly violated the Telemarketing Sales Rule by providing substantial assistance to credit repair businesses that violated the Telemarketing Sales Rule’s advance-fee prohibition. Specifically, Mr. Rosen and Credit Repair Cloud allegedly encouraged the credit repair businesses that use their services to telemarket and charge unlawful advance fees. The Bureau further alleged that Mr. Rosen and Credit Repair Cloud knew or consciously avoided knowing that these credit repair businesses were telemarketing their services and charging consumers unlawful advance fees. The Bureau also alleged that by violating the Telemarketing Sales Rule, Credit Repair Cloud and Daniel Rosen violated the Consumer Financial Protection Act of 2010, according to CFPB.

Summary generated from official Consumer Financial Protection Bureau press release