On November 7, 2024, the California Department of Financial Protection and Innovation (DFPI) announced that it had entered into a settlement agreement with a cryptocurrency lender resolving allegations that the lender violated the California Financing Law (“CFL”). This action follows an examination by the DFPI in which the Department found that the crypto lender violated the CFL by (1) failing to consider…
On September 18, 2024, the U.S. Attorney’s Office for the District of New Jersey, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Justice (DOJ) announced it had entered into a consent order and a conciliation agreement with a New Jersey-based bank resolving allegations that the Bank had engaged in a pattern…
On September 17, 2024, the California Department of Financial Protection and Innovation (DFPI) announced it had taken enforcement action against three companies issuing two desist and refrain orders and one consent order against the businesses for allegedly charging unlawful fees for student loan debt relief services, in violation of the California Consumer Financial Protection Law…
On March 20, 2024, the Office of Washington Attorney General (WA AG) Bob Ferguson announced that it obtained a judgment against a debt collection agency in the State of Washington King County Superior Court. This judgment represents the final resolution of a charity care lawsuit filed by the WA AG in February…