Excerpt: The impact of this case will go far beyond Lexington Law. Some of the practices that the CFPB states are illegal are widespread in the credit repair industry (like charging upfront fees) and if the court finds against Lexington Law the industry will have to make fundamental changes in the way it operates.
An article from the Credit Repair Lawyers of America goes as far as to state that “This case will provide a definitive direction for paid credit repair or it will tank the industry.”