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Business ProfileforDMB Financial, LLC
Current Alerts For This Business
The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below. On August 31, 2021 the office of the Attorney General Maura Healey announced a first-of-its-kind settlement that secures $1 million in relief and requires extensive changes to the company's business practices.
The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.
On May 19, 2021, the court entered a stipulated final judgment and order that resolved the Bureau’s claims. The settlement requires DMB to pay $7,700,000 in redress to consumers. This amount will be suspended based on DMB’s demonstrated inability to pay and upon its payment of $5,400,000 within an agreed-upon timeframe and a $1 civil money penalty to the Consumer Financial Protection Bureau. The settlement also requires DMB to refrain from charging unlawful settlement fees, engaging in specified deceptive practices, or obtaining consumers’ credit reports without a permissible purpose.
At-a-glance
Related Categories
Overview
Products & Services
Business Details
- Location of This Business
- 500 Cummings Center Suite 3800, Beverly, MA 01915-6142
- BBB File Opened:
- 6/21/2004
- Years in Business:
- 20
- Business Started:
- 11/24/2003
- Business Incorporated:
- 11/24/2003
- Type of Entity:
- Limited Liability Company (LLC)
- Number of Employees:
- 98
- Related Businesses
- Hours of Operation
Primary
- M:
- 8:00 AM - 9:30 PM
- T:
- 8:00 AM - 9:30 PM
- W:
- 8:00 AM - 9:30 PM
- Th:
- 8:00 AM - 9:30 PM
- F:
- 8:00 AM - 5:00 PM
- Sa:
- 9:00 AM - 1:00 PM
- Su:
- Closed
- Business Management
- Mr. Matthew Guthrie, CFO
- Mr. Patrick Palkovic, Director of Client Services
- Mr. James Gargas, Director of Marketing
- Mr. Raymond Lake, Director of Client Services
- Contact Information
Principal
- Mr. Matthew Guthrie, CFO
- Mr. Raymond Lake, Director of Client Services
Customer Contact
- Mr. Matthew Guthrie, CFO
- Mr. Patrick Palkovic, Director of Client Services
- Mr. James Gargas, Director of Marketing
- Mr. Raymond Lake, Director of Client Services
- Additional Contact Information
Fax Numbers
- (978) 338-2347Primary Fax
Email Addresses
- Primary
- (978) 338-2347
Customer Complaints
20 Customer Complaints
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File a ComplaintMost Recent Customer Complaint
02/10/2024
- Complaint Type:
- Order Issues
- Status:
- Answered
Customer Reviews
292 Customer Reviews
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Most Recent Customer Review
Assami O
04/18/2024
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