- June 20, 2021
- Posted by: Stratford Team
- Category: Business
The Consumer Financial Protection Bureau, newly invigorated under the Biden administration, is back in court.
The federal agency is fling more lawsuits against companies whose activities are harmful to consumers — that is, ordinary folks purchasing goods and services for a personal, family or household purpose.
A recent such action, brought in federal court in Illinois, involves a company called BrightSpeed Solutions Inc. and its owner, president and apparent chief bad guy, Kevin Howard.
By way of background, the CFPB figured out several years ago — back in the Obama days — that an effective strategy for fighting consumer fraud was to go after not just the fraudsters but also third parties facilitating the movement of money from duped consumers to the fraudsters’ bank accounts. And that’s what the CFPB alleges BrightSpeed Solutions was up to.
Per the CFPB’s complaint, BrightSpeed’s business model was to buddy…
