Credit sweep software8/1/2023 ![]() The CFPB alleges that, based on such conduct, the defendants have violated the TSR’s ban on providing substantial assistance or support to a seller or telemarketer when the person providing such assistance or support knows or consciously avoids knowing that the seller or telemarketer is engaged in conduct that violates the TSR. It also alleges that the defendants have known or have consciously avoided knowing that CRC users were telemarketing and charging advance fees in violation of the TSR. ![]() The CFPB alleges that the defendants have encouraged CRC users to charge consumers at enrollment, with monthly fees thereafter, and that the practices encouraged by CRC result in CRC users charging advance fees in violation of the TSR. CRC’s owner participates directly in CRC training programs, offers advice to prospective CRC users through blog posts that are posted on CRC’s website, and sends emails directly to prospective and current CRC users to market CRC’s training programs and provide tips on how to remove items from consumers’ credit reports. CRC also provides training programs on how to start and run a credit-repair business as well as other resources, including telemarketing sales scripts, template marketing materials, and template websites. ![]() The software allows CRC users to track and organize consumer information and activity, including consumer payments for credit-repair services. In addition to injunctive relief, the lawsuit seeks monetary relief, including refunds, restitution, disgorgement, or compensation for unjust enrichment, and civil money penalties.Īccording to the complaint, CRC sells software to individuals seeking to start and operate credit-repair businesses. The CFPB has filed a lawsuit in a California federal district court against Credit Repair Cloud (CRC), a software company, and its owner, in which the Bureau alleges that the defendants provided substantial assistance to credit-repair businesses charging unlawful advance fees in violation of the Telemarketing Sales Rule (TSR) and the Consumer Financial Protection Act (CFPA).
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