WASHINGTON — A federal judge has ordered a now-defunct debt relief provider to pay roughly $43 million in restitution over a case brought by the Consumer Financial Protection Bureau, alleging that the firm deceived student borrowers.
The CFPB originally filed the lawsuit in 2020 against FDATR Inc. and its owners Dean Tucci and Kenneth Wayne Halverson. Halverson has since passed away. The bureau said in the lawsuit that FDATR, Tucci and Halverson violated the Telemarketing Sales Rule and the Consumer Financial Protection Act of 2010, alleging that the company misrepresented its debt relief and credit repair services to consumers with student loans.
