Saying that a Marietta law firm “operates less like a law firm than a factory,” the fledgling federal Consumer Financial Protection Bureau is suing to permanently bar the firm and three of its attorneys from engaging in a massive debt-collection business that the agency claims regularly runs afoul of federal consumer financial laws.
The firm, Frederick J. Hanna & Associates, has sued hundreds of thousands of Georgia consumers as a way of collecting on defaulted credit card, mortgage and other debts, according to a suit filed Monday in federal court in Atlanta. The federal agency apparently has been investigating the Hanna firm for the past year, according to a written statement released by the firm saying it has “completely cooperated” and expended “thousands of man hours” to assist with a bureau “review” of the law practice.
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