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Pioneer Credit Recovery, Inc.Headquarters
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- Government Actions:Government Action: BBB reports on known government actions involving business’ marketplace conduct:COMPLAINT FOR PERMANENT INJUNCTION AND OTHER RELIEF
The following describes a pending government action that has been formally brought by a government agency but has not yet been resolved. We are providing a summary of the government’s allegations, which have not yet been proven.
On January 18, 2017, the Consumer Financial Protection Bureau filed a lawsuit in Middle District of Pennsylvania Court. Charges filed allege the business is in violation of Federal law prohibiting the Consumer Financial Protection Act of 2010; based on unlawful acts and practices in connection with Defendants’ servicing and collection of student loans. The matter is pending. For more details, go to the Consumer Financial Protection Bureau’s Press Release.
In response to these charges, the business provided the following statement
The allegations of the Consumer Financial Protection Bureau, Illinois Attorney General, and Washington Attorney General are unfounded, and the timing of these lawsuits-midnight action filed on the eve of a new administration-reflects their political motivations. Pioneer welcomes clear and well-designed guidelines that all parties can follow, and we had hoped our extensive engagement with the regulators would achieve this objective.
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