The principal of a debt settlement company pled guilty to several charges and will spend nine years in prison as a result of the first criminal referral by the Consumer Financial Protection Bureau (CFPB), reportsjdsupra.com. The referral “arose out of the CFPB’s investigation of two debt-relief service providers and related entities,” according to the article. The principal was also sentenced to three years of supervised release, ordered to pay $2.1 million in restitution, and a $15,000 fine. The CFPB has named individuals as well as companies in other enforcement actions, and Bureau Director Richard Cordray has stated that the CFPB will continue to look for opportunities to work with the U.S. Attorney, so more criminal referrals can be expected. For more, read the full article.