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

StratFS sued by US, state financial regulators for fraud, running illegal debt-relief enterprise

( January 19, 2024, 17:15 GMT | Official Statement) -- MLex Summary: New York Attorney General Letitia James, the US Consumer Financial Protection Bureau and a multistate coalition of six attorneys general sued StratFS and related shell companies for running an illegal debt-relief enterprise and defrauding consumers. The suit alleged that StratFS tricked their consumers into paying large fees by claiming that the company’s law firms would negotiate down their debts, when most of the negotiations were done by non-attorneys.See statement 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