CFPB sues Los Angeles law firm

Bureau says the firm lured distressed homeowners, but did little to help them

The Consumer Financial Protection Bureau (CFPB)—an agency founded under Dodd-Frank to regulate consumer protection—has filed its first ever civil enforcement action in federal court, and the lucky defendant is a Los Angeles law firm.

According to the complaint, The Gordon Law Firm, led by Chance Gordon, promised distressed homeowners that the firm would secure loan modifications for them. After taking payment from the already strapped customers, the firm did “little or nothing” to help them. Instead, the complaint says, the firm “used consumers’ last dollars to fund a lavish lifestyle, including expensive cars, dinners, and nightclubs. 


Cathleen Flahardy

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.