TMX Finance LLC
Enforcement, Civil Penalty Fund, Payday Loans
The CFPB levied a $9 million fine against TMX Finance, which conducts business under the name TitleMax, for “abusive debt collection tactics” including “misleading customers” into signing up for “title pawn loans that renew each month while failing to disclose that the loans carry annual interest rates of up to 300 percent.” TMX Finance agreed to settle with the CFPB for $9 million without admitting any wrongdoing.
Inactive or Resolved
We need your help to hold powerful special interests accountable and empower hardworking Americans. Join our fight today!