On April 14, 2025, the Massachusetts Division of Banks (the “Division”) announced that it had entered into a Stipulation and Consent to The Issuance of a Consent Order with a mortgage lender and broker operating in Massachusetts. The company, by and through a wholly-owned subsidiary, operated a website in which it provided…
On October 21, 2024, Minnesota Attorney General Keith Ellison announced that his office reached a settlement with two debt settlement companies to resolve allegations that the companies misrepresented their services and collected fees in exchange for promises of settling consumers’ debts before actually performing the promised services, in violation of state law Minn. Stat. §…
On April 1, 2024, North Carolina Attorney General Josh Stein filed a complaint against a consumer lender, claiming that the lender charged consumers hidden premiums and fees for add-on products associated with its offering of small dollar personal loans, in violation of the Consumer Financial Protection Act (CFPA), the Truth In Lending Act…
On February 2, 2024, the U.S. District Court for the Central District of California issued an order permanently banning several companies and their owners from the telemarketing and debt relief businesses and requiring them to pay approximately $19 million in restitution and civil money penalties. This order came as a…