Morgan Drexen vs CFPB
Morgan Drexen and Connecticut attorney Kimberly A. Pisinski have filed a lawsuit in federal court against the Consumer Financial Protection Bureau (CFPB). The Morgan Drexen lawsuit contends the CFPB overstepped its authority by asking Ms. Pisinski and Morgan Drexen to hand over sensitive and privileged information related to thousands of Ms. Pisinski’s clients who are considering bankruptcy. Morgan Drexen and Pisinski consider these documents, and the information contained therein, to be protected by the Attorney-Client privilege.
Morgan Drexen believes it is improper and unethical for the CFPB to “data mine” the personal and confidential information of financially distressed consumers considering bankruptcy. Morgan Drexen and Ms. Pisinski are committed to fighting for the privacy of American consumers.
View Official Complaint Here
The United States Bankruptcy Court of Southern Mississippi, in an adversarial proceeding brought by the bankruptcy trustee, has granted Morgan Drexen and Walter Ledda, summary judgement on claims, associated with fraud and misrepresentation under 11 U.S.C. Section 526. The court concluded that claims against Morgan Drexen and its CEO, Walter Ledda were totally without factual basis.
A federal lawsuit filed this week against the Consumer Financial Protection Bureau (CFPB) accuses the agency, among other things, of attempting to data mine the information of thousands of American consumers and their private communications with their attorneys through unconstitutional measures.
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The CFPB has demanded the following documents containing personal client information protected by the attorney client privilege.