Integrity Advance, LLC, James R. Carnes (CEO)
Enforcement, Payday Loans
In 2015, the CFPB took action against “online payday lender” Integrity Advance, LLC and its CEO, James R. Carnes, for “allegedly deceiving consumers about the cost of short-term loans.” The CFPB alleged Integrity Advance “did not disclose the costs consumers would pay” and “unfairly used remotely created checks” to charge customers’ “bank accounts even after the consumers revoked authorization for automatic withdrawals.” Carnes appealed the administrative lawsuit that sought “$38.1 million in restitution” and civil penalties against him, and this case is still listed as active.
Inactive or Resolved
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