This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Commonwealth Financial Systems to shut down, pay $95,000 for illegal debt collection practices

( December 15, 2023, 17:22 GMT | Official Statement) -- MLex Summary: Debt collection company Commonwealth Financial Systems will shut down for illegally trying to collect unverified medical debts after consumers disputed the validity of the debts, the US Consumer Financial Protection Bureau said. The company was ordered to cease operations and pay a $95,000 penalty to the CFPB’s victims relief fund.Statement follows below:...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login