State
North Carolina, Virginia
North Carolina, Virginia
Freedom Stores, Inc., Freedom Acceptance Corporation, Military Credit Services LLC, John F. Melley, Leonard B. Melley, Jr.
Enforcement, Debt Collection, Servicemembers
The CFPB, along with the Attorneys General of North Carolina and Virginia, sued Freedom Stores and its affiliates for allegedly “targeting North Carolina and Virginia military consumers with unfair business practices including illegal debt collection tactics.” Freedom Stores and its affiliates agreed to refund more than $2.5 million to its affected consumers and pay a $100,000 civil penalty.
The CFPB also alleged that Freedom Stores and its affiliates “double dipp[ed] into service members funds, which resulted in payments being taken from consumers paychecks and also their bank accounts without their knowledge and before the payment due date.”
Freedom Stores and its affiliates agreed to refund more than $2.5 million to its affected consumers and pay a $100,000 civil penalty. [Thomas Russell, “Freedom Furniture to pay $2.6M consumer settlement,” Furniture Today, 12/18/14]
Inactive or Resolved