JG Wentworth pushes back against CFPB allegations of consumer fraud in structured settlement purchasing transactions

In yet another sign the structured settlement purchasing profession is in the regulatory cross hairs, the Consumer Financial Protection Bureau, CFPB, brought charges against JG Wentworth last week. The allegation is that their method of solicitation and purchase of structured settlement cash flows is deceptive and harmful to consumers. 

JG Wentworth has fired back with their own defense that the CFPB is outside it's jurisdiction and that much like it's prior attack on for profit colleges, the CFPB will lose this case as well. The Settlement Channel will continue to monitor the case and report as events unfold.