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In USConsumer Financial Protection Bureau V

Question 80

Multiple Choice

In U.S.Consumer Financial Protection Bureau v.Pressler & Pressler,LLP,which involved the CFPB's investigation of a law firm's debt collection practices,what was the outcome of the case?


A) The case was dismissed as the CFPB has no authority to file suit after investigation of debt collection practices.
B) The parties entered a Consent Order, under which Pressler agreed to halt certain debt collection practices; however, no fine was agreed upon.
C) The parties entered a Consent Order, under which Pressler paid a fine of $1 million and agreed to halt certain debt collection practices.
D) Pressler was fined and given a citation.

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