Legal Opinion
Morgan Drexen, Inc. v. Wisconsin Department of Financial Institutions
Court of Appeals of Wisconsin
Decided February 25, 2015No. 2014AP1268PublishedCited by 7 opinions
1Opinion of the CourtReilly, J.
¶ 1. Since 2007, Morgan Drexen, Inc., has provided debt settlement services in Wisconsin via a program that counsels debtors to stop paying creditors and channel their available funds into accounts controlled by Morgan Drexen. Morgan Drexen pays itself from these accounts and, once the accounts have accumulated sufficient funds, approaches creditors and solicits settlements on behalf of the debtors. By January 2012, this business model had allowed Morgan Drexen to amass more than $4.2 million in fees while paying less than $4 million in settlements to creditors.
¶ 2. The Wisconsin Department…
2Cases cited8 opinions
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- Hilton Ex Rel. Pages Homeowners' Ass'n v. Department of Natural ResourcesWisconsin Supreme Court · 2006
- Wisconsin Department of Revenue v. River City Refuse Removal, Inc.Wisconsin Supreme Court · 2007
- Ide v. Labor & Industry Review CommissionWisconsin Supreme Court · 1999
- Junco v. ConoverCourt of Appeals for the Ninth Circuit · 1982
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3Cited by7 opinions
- Coffman, Colorado Attorney General v. Williamson, JrSupreme Court of Colorado · 2015
- Lon Smith & Associates, Inc. and A-1 Systems, Inc., D/B/A Lon Smith Roofing and Construction v. Joe Key and Stacci KeyCourt of Appeals of Texas · 2017
- Consumer Financial Protection Bureau v. Stratfs, LLC (f/k/a Strategic Financial Solutions, LLC), et al.District Court, W.D. New York · 2026
- Onyeukwu, Bernard v. Kemper, PaulDistrict Court, W.D. Wisconsin · 2020
- Payday Loan Resolution, LLC v. Wis. Dep't of Fin. InstitutionsCourt of Appeals of Wisconsin · 2019
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