Search Results: State AGs

California Attorney General Announces Settlement With Realty Company Over Deceptive Contract And Lien Practices

On April 4, 2025, the California Attorney General announced that it had reached a settlement with a California-based realty company concerning claims that the company had violated California false advertising, unfair competition, and telemarketing laws and federal telemarketing and lending laws via allegedly luring vulnerable homeowners into a predatory contract scheme that caused homeowners to…

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NJ Attorney General Issues Finding of Probable Cause for Discrimination on Part of Cash Advance Business

On March 11, 2025, the New Jersey Attorney General announced that it had issued a Finding of Probable Cause for violation of the New Jersey Law Against Discrimination against a business that provides cash advances and loans to borrowers. The Finding of Probable Cause found that the business had a policy of…

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New York Attorney General Reaches $725,000 Settlement with Credit Reporting Provider to Resolve Allegations of Inaccurate Credit Reporting

On January 14, 2025, New York Attorney General Letitia ​James announced that the state had entered into a settlement​ with a national credit reporting provider​ to resolve allegations that the provider had ​harmed consumers by disseminating incorrect credit reporting information to lenders.​ According to the Attorney General, the credit reporting provider ​implemented a change to…

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51 State Financial Regulatory Agencies Enter Settlement and Consent Order with Nonbank Mortgage Servicing Companies

​On January 9, 2025, 51 State Financial Regulatory Agencies (the “Agencies”) announced a coordinated consent order and settlement agreement with nonbank mor​tgage servicing companies (the “Companies”). This action came following a data breach that impacted 5.8 million customers, allegedly due to deficient cybersecurity practices, and for lack of cooperation with state regulators. The Companies are licensed as…

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D.C. Attorney General Sues Online Lender Over Alleged Illegal High-Interest Loans

On November 19, 2024, the District of Columbia’s Attorney General (DC AG) announced ​that it had filed a complaint ​in the ​Superior Court of the District of Columbia ​against an online lender for alleged violations of the District of Columbia Consumer Protection Procedures Act (CPPA).  According to the DC AG’s complaint, the company, which operates both a website and…

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Minnesota AG Reaches Over $1 Million Settlement With Debt Settlement Companies

​On October 21, 2024, Minnesota Attorney General Keith Ellison ann​​ounc​ed that his office reached a settle​ment 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. §…

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Connecticut AG Enters Into Settlement With Banking Fraud Prevention Company

​On October 21, 2024, Connecticut Attorney General William Tong announced ​a settlement with a banking fraud prevention company (the Company), resolving allegations related to a data breach that impacted the personal information of a Connecticut Bank’s customers. ​ The Company uses behavioral analytics and machine learning to help prevent banking fraud for its…

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Minnesota Attorney General Files Lawsuit Against Realtor and Associated Business for Predatory Contracting

On May 14, 2024, the Minnesota Attorney General announced that it had filed a lawsuit against a realtor and several companies that he owns, claiming that the Defendants used deceptive trade practices to market illegal contracts for deed, in violation of several state and federal laws, including the Truth in Lending Act (TILA), Minn….

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National Bank Settles with NY Attorney General for $700K

​On April 17, 202​4, the New York State Attorney General (NY AG) announced that it entered into an Assurance of Discontinuance​ (AOD) with​ a national bank, resolving​ allegations related to the bank’s debt collection practices.  The bank is a nationally chartered bank that issues debit cards, prepaid cards, payroll cards, and gift cards, primarily through third-party servicers, many of whom…

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North Carolina Attorney General Sues Consumer Lender Over Alleged Hidden Fees

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…

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Minnesota AG Reaches Settlement with Student-Loan Debt Relief Company

On November 8, 2023, the Minnesota Attorney General (Minnesota AG) announced that the state had reached a settlement with a California-based student-loan debt-relief provider ​​over miscellaneous state law allegations.  Specifically, the Minnesota AG alleged that the company did not register as a debt settlement services provider ​with the Minnesota Department of Commerce as required by Minn. Stat. § 332B.03.  The…

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Washington Attorney General Announces Recovery in Student Debt Adjuster Investigations

On October 17, 2023, the Washington State Attorney General (AG) announced that over the course of 2023, they had recovered approximately $360,000 in restitution from three out-of-state debt adjusters for alleged predatory student debt adjustments in violation of the Debt Adjustment Act.​ The Debt Adjustment Act limits the amount of fees a debt adjuster…

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48 States Settle with Payment Processor Over Unauthorized Withdrawal Claims for $10 Million

On October 17, 2023, the California Attorney General announced that 48 states, Washington D.C., and Puerto Rico had reached a $10 million settlement with a payment processing company related to allegations of attempted unauthorized withdrawals related to a testing error on the part of the processing company. According to the press release,…

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CFPB and New York AG Announce Joint Enforcement Action Against Auto Lender

On January 4, 2023, the Consumer Financial Protection Bureau (CFPB) and New York State Office of the Attorney General (NY AG) announced a joint enforcement action against one of the country’s largest publicly-traded indirect auto lenders. The 8​​​​-count complaint​, filed in the United States District Court for the ​Southern District of New York,…

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Massachusetts AG Settles with Mortgage Servicer for $975,000

​On December 22, 2022, the Massachusetts Attorney General (AG) announced ​a settlement ​with a South Carolina mortgage servicing company ​to resolve allegations that the company violated state mortgage servicing and debt collection laws. ​​​​ ​After an investigation, the AG alle​ged that the servicer did not take “reasonable steps” to help borrowers avoid foreclosures…

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Colorado Attorney General Reaches Settlement with Affiliated Lender and Debt Management Company

​On December 14, 2022, the Colorado Attorney General (AG) announced ​that it entered into a consent order​ with a California-based debt management company and its sister lending company, resolving the AG’s examination findings that those companies violated Colorado’s Uniform Consumer Credit Code, C.R.S. § 5-1-101, et seq. (“UCCC”) and Debt Management Services Act, C.R.S. § 5-19-201…

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Pennsylvania AG Sues Lead Generators For Deceptive Ads

On November 2, 2022, the Pennsylvania Office of Attorney General filed a lawsuit in federal court alleging that a group of companies offering lead generation services violated the Telemarketing Sales Rule (“TSR”), 16 C.F.R. Part 310, and Pennsylvania consumer protection law, 73 P.S. §§ 201-3 and 201-4, by engaging in…

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