…which the lender agreed to pay $1.5 million in refunds to consumers and $250,000 to the District, and to waive over $640,000 in interest. Further, the agreement obligates the lender…
…which the lender agreed to pay $1.5 million in refunds to consumers and $250,000 to the District, and to waive over $640,000 in interest. Further, the agreement obligates the lender…
…of the agreement’s effective date. In her statement announcing the agreement, Attorney General Letitia James said “[w]hile illegal debt collectors have used Buffalo as their hub of operations for illicit…
…upon release from incarceration. The CFPB also alleged the company charged unauthorized fees not included in its cardholder agreement, as well as misrepresented fees in certain states where consumers were…
…reassignment order, the servicemember may terminate his or her lease agreement and is entitled to a refund of any lease amounts that the servicemember paid to cover a period occurring…
…measures in place at a fintech company in order to assess the adequacy and integrity of the company’s processes for handling and protecting sensitive customer information. Finally, the Guide proposes…
On September 8, 2021, the Washington Attorney General’s Office (AG) announced that it had reached a settlement agreement with a debt collection company, resolving allegations that the company had violated…
…in fact was not sufficient documentation to establish the chain of title of the loan. Under the settlement agreement, the company has agreed to pay $2.25 million in consumer relief…
…that it had a practice of adding higher-risk loans to securitized loan pools. Under the terms of the settlement agreement, the auto loan company has agreed to pay $27.2 million…
…is required by federal law. Under the terms of the settlement agreement, the company has agreed to cease its collection practices on Georgia consumer accounts and to turn over those…
On August 9, 2021, the California Department of Financial Protection and Innovation (DFPI) announced that it had entered into a settlement agreement with a Tustin-based student loan debt relief…
…auto loans with a high probability of default. The Attorney General also alleged that the auto lender engaged in aggressive collection practices in violation of state law. The settlement agreement…
On July 12, 2021 the Consumer Financial Protection Bureau (CFPB) announced that a consent order had been reached with an Atlanta-based non-bank lending company that would require the company to…
On July 14, 2021, the Federal Trade Commission (FTC) entered into a settlement agreement with a national peer-to-peer personal loan lender to resolve allegations stemming form 2018 lawsuit that the…
…the lender to the loan agreement or (2) that bank funds the loan. Challengers to the True Lender Rule contend that the Rule improperly encourages predatory lending by permitting lenders…
…million in monetary relief and a nominal $1 civil penalty that has been limited based on the company’s attested inability to pay. Per the agreement, the $7.7 million judgment would…
…in excessive and sequential collection calls, disclosed customer debt information to third parties, and told customers it would report delinquencies to consumer reporting agencies, though the subsidiary had both a…
On April 26, 2021, the California Department of Financial Protection and Innovation (DFPI) announced that it had entered into a settlement agreement with an online coding school, resolving allegations that…
…credit reports when determining whether prospective customers qualified for financing to purchase the company’s products and services. In a complaint filed by the Department of Justice on behalf of the…
On April 6, 2021, the Pennsylvania Attorney General (Pennsylvania AG) announced that it reached an agreement with a Texas-based debt buyer concerning a portfolio of student loan debt it purchased…
…conciliation agreement, the mortgage lender will pay $125,000 to the consumer in civil penalties. The agreement also requires that the mortgage lender provide fair housing training for its employees that…