The CFPB fined Pressler & Pressler and New Century Financial Services for alleged debt collection actions that were “based on flimsy or non-existent evidence.” Pressler & Pressler paid $1 million and New Century was ordered to pay $1.5 million to the CFPB’s Civil Penalty Fund. “By signing off on the consent orders, neither firm admits liability in the case.”

• In April 2016, the CFPB fined “Pressler & Pressler in Parsippany and New Century Financial Services of Whippany.” The CFPB alleged that “the firms were involved in more than 500,000 of debt-collection actions” many of which were “based on flimsy or non-existent evidence.” [Tim Darragh, “N.J. law firm, debt collector fined over consumer lawsuits”, The Star-Ledger, 04/27/16]

• Pressler & Pressler paid $1 million and New Century was ordered to pay $1.5 million to the CFPB’s Civil Penalty Fund. “By signing off on the consent orders, neither firm admits liability in the case.” [Tim Darragh, “N.J. law firm, debt collector fined over consumer lawsuits”, The Star-Ledger, 04/27/16]