State
Virginia
Virginia
Spotsylvania Gold & Pawn, Inc.
Enforcement, Payday Loans, Small-Dollar Lending
The CFPB filed four separate lawsuits against A To Z Pawn, Inc., Pawn U.S.A., Inc., Fredericksburg Gold & Pawn, Inc., and Spotsylvania Gold & Pawn, Inc. in the US District Court for the Eastern District of Virginia. The CFPB alleged that the companies attached “finance charge[s]” to their loans that were “made up of several fees.” The companies would then advertise loans with “deceptively low [interest rates].”
Resolved