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CFPB v. Fredrick Hanna and Associates: Big win for CFPB on debt collection

A United States District Court Judge for the Northern District of Georgia has denied a motion filed by Frederick Hanna & Associates, a large collection law firm to dismiss a lawsuit filed by the Consumer Financial Protection Bureau that included allegations of “robo-signing” by attorney for the firm.

Justice League

Yesterday, Judge Amy Totenberg of the Northern District of Georgia issued a very cogent 70-page opinion in the case of the CFPB v. Frederick Hanna & Associates, a large collection law firm with offices in Georgia, Florida, and South Carolina. The opinion denies Hanna’s motion to dismiss in its entirety, and almost completely agrees with the CFPB’s legal theory. In doing so, the opinion deals a serious blow to the collection law firm business model.

A brief recap of the case if you haven’t been following. A year ago, the CFPB filed suit against the Hanna law firm essentially attacking the big collection law firm business model. Among other things, the CFPB alleged that the firm operated “less like a law firm than a factory” and that attorneys were not “meaningfully involved” in the collection lawsuits they filed. As an example, the CFPB alleged that one attorney in…

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