The CFPB sued Tempo Venture Inc., which operates a pawnbroker business, for “deceiving consumers about the actual annual costs of its loans.” The CFPB’s consent order imposed “injunctive relief and requires Culpeper Pawnbroker to pay a $2,500 penalty.”

• On October 17, 2017, the CFPB sued Tempo Venture Inc. [CFPB v. Tempo Venture Inc., Case no. 3:17-cv-75-NKM]

• “The Consumer Financial Protection Bureau (CFPB) took action against Tempo Venture, Inc., doing business as Culpeper Pawnbroker, for deceiving consumers about the actual annual costs of its loans. The CFPB filed a complaint in federal court alleging that the company broke the law by misstating the APR associated with pawn loans. The CFPB also filed a consent order, which was entered by the court. The consent order imposes injunctive relief and requires Culpeper Pawnbroker to pay a $2,500 penalty.” [“Tempo Venture, Inc., d/b/a Culpeper Pawnbroker,” Consumer Financial Protection Bureau, accessed 03/19/18]