If you paid a fee to Burlington Financial Group on or after January 1, 2016, through June 29, 2021, you may be entitled to a payment under the terms of a federal lawsuit.
The Consumer Financial Protection Bureau, also known as the CFPB, is a government agency responsible for enforcing laws that protect consumers. The CFPB sued Burlington Financial Group, LLC, Richard W. Burnham, Sang Yi, and Katherine Ray Burnham (collectively “Burlington Financial Group”). The Bureau alleged that Burlington Financial and its principals used telemarketing to solicit consumers with false promises that Burlington’s services would eliminate their credit-card debts and improve their credit scores. The Bureau alleged that Burlington and its principals charged advance fees for debt-relief and credit-repair services in violation of the Telemarketing Sales Rule (TSR) and engaged in deceptive acts or practices to market and sell Burlington’s services in violation of the TSR and Consumer Financial Protection Act of 2010.
For more information on this lawsuit, please visit www.cfpb.gov/payments/Burlington. To learn more about the CFPB and other CFPB related matters, please visit the CFPB’s website at www.consumerfinance.gov.