<blockquote>
"NEW YORK (Reuters) - Federal authorities announced fraud charges against a debt settlement company on Tuesday, in the first criminal case based on work by the new U.S. Consumer Financial Protection Bureau.

A newly unsealed indictment filed in U.S. District Court in Manhattan charged Mission Settlement Agency and four individuals with mail and wire fraud over a scheme that prosecutors said victimized more than 1,200 people across the United States."
</blockquote>

<blockquote>
"Richard Cordray, the agency's director, said at a news conference in New York that there are other instances of the CFPB referring cases to federal prosecutors "and there will be more."

"There is nothing to get the attention of people who are dedicating their lives to committing fraud like knowing that they could end up in prison," he said."
</blockquote>

U.S. charges firm in first criminal case for consumer protection agency