When Morgan Drexen Inc. found itself in the Consumer Financial Protection Bureau's crosshairs, the company, which works with law firms to provide debt relief services to consumers, initiated a response that's proving to be both unusually aggressive and public.
The CFPB filed suit [PDF] against the company earlier this week in California federal court, alleging that it charged illegal up-front fees and deceived consumers. But Morgan Drexen, which is represented by Venable partner Randall Miller, beat the agency to the punch, filing a suit in late July challenging the CFPB’s constitutionality.
