State
New Jersey
New Jersey
Pressler & Pressler, LLP, Sheldon H. Pressler, and Gerard J. Felt
Enforcement
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.”
Open