The CFPB allocated more than $30.4 million to the victims in this case, and the money will come from the CFPB’s victims relief fund. Learn more about the case and redress paymentsĪs of this week, $22.3 million has been distributed to Burlington Financial Group’s harmed customers. Additionally, Burlington Financial Group told customers that it could restore their credit scores, but the CFPB’s investigation found that these claims were false or unsubstantiated. Her favourite thing about working with her clients is learning about new businesses and industries. Principle 2 Help ensure that identification of transition activities or investment opportunities are based on transparent, credible, comparable. FebruAlona Vargas Alona is a Fractional CFO at The Finance Group she provides guidance, support, and advice to help grow and fulfill the overall business strategies of her clients. SFWG work has been anchored in the G20 Sustainable Finance Roadmap (the Roadmap).
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Our data science team helps you identify the full environmental impacts in your. This report summarizes the work of the Sustainable Finance Working Group (SFWG) in 2022. The CFPB’s investigation found that the company failed to produce any evidence showing that it had invalidated, eliminated, or lowered any of its customers’ debts. We work with financial institutions in the transition to a circular and. The company advertised to potential customers, through direct mailers and third-party lead generators, that its so-called “debt validation” program used a legally vetted process to eliminate debt. In 2021, the federal district court entered a stipulated final judgment and order against Burlington Financial Group and its owners and executives, Richard Burnham, Katherine Burnham, and Sang Yi, for deceiving consumers into hiring the company with false promises to lower or eliminate their credit-card debts and to improve their credit scores.īurlington Financial Group violated consumer financial protection law through deceptive marketing and operating practices. Action against Burlington Financial Group For additional questions, email or call 1-80.
You can submit a claim for the additional amount at. If you receive a refund check for less than the amount you paid Burlington Financial Group, you may be eligible for additional funds. If you believe you are eligible and do not receive a check, you can submit a claim for a refund at. Payments will be sent on May 5, 2023, through Epiq Systems. Most customers will automatically receive a refund check. Burlington Financial Group was a Maryland-based debt-relief and credit-repair company that marketed and sold debt-relief and credit-repair services to people nationwide from January 2016 until at least September 2019 and collected fees from them until at least August 2020. We want to be your partner and ally in the search for financing that your company needs.This month, 6,523 people who were misled by Burlington Financial Group with false promises that it would eliminate their credit-card debts and improve their credit scores will receive a check in the mail. In addition, we have signed agreements with non-bank financial entities at a global level, which offer financing alternatives that adapt to the different needs that companies may have.
Our team is made up of professionals with extensive experience in all types of financing. Help Finance Group, LLC Is this Your Business Business Profile Help Finance Group, LLC Debt Relief Services Contact Information 6300 NW 5th Way STE 100 Fort Lauderdale, FL 33309-6283 Visit.
This means that companies must adapt to a new situation of scarce bank financing with a tendency to be increasingly restricted, high requirements regarding the security and guarantee of these credits and, in addition, with high costs. We are therefore facing a process of "unbanking" our economy, a necessary and unavoidable process. Currently, about 80% of the financing of European companies comes from traditional banks, compared to 20% in the case of the US.
set up a Technical expert group on sustainable finance (TEG) to assist it in. Currently, many companies cannot access traditional bank financing, which sometimes puts their viability at risk.įaced with this situation, several different and alternative financing options arise, which in recent years have become more necessary. Sustainable finance will help ensure that investments support a resilient. The current business financing landscape has changed dramatically in recent years. We help SMEs and Large Companies to have access to global non-bank financial solutions. Alter Finance is a leading consulting firm specialized in Financing for companies.
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