Allied Progress is now Accountable.US. This website will no longer be updated and has been permanently archived. For the latest accountability and transparency updates, please visit us at Accountable.US.
Latest Enforcement Tracker
Showing the Latest
-
CFPB v. Think Finance, LLC
The CFPB sued Think Finance, LLC for “‘deceiving consumers into repaying loans that were not legally owed.’” The CFPB alleged that Think Finance illegally collected “on loans that are void under state laws governing interest rate caps or the licensing of lenders.” Think Finance later filed for bankruptcy. On November 15, 2017, the CFPB sued…
-
CFPB – Zero Parallel, LLC
In September 2017, the CFPB “imposed a $100,000 fine on California company Zero Parallel LLC” for “steering borrowers into illegal and bad debts.” Zero Parallel, a “lead aggregator” that “identifies potential borrowers and then sells their information,” sold short-term loan “applications to lenders it knew did not follow states’ usury laws, interest-rate restrictions and prohibitions…
-
CFPB v. Golden Valley Lending, Inc., Silver Cloud Financial, Inc., Mountain Summit Financial, Inc., and Majestic Lake Financial, Inc.
In April 2017, the CFPB sued “Golden Valley Lending, Silver Cloud Financial, Mountain Summit Financial and Majestic Lake Financial,” which are owned by the “Habematolel Pomo Tribe” in Northern California, for allegations that they “illegally took money from consumers’ bank accounts for debts that weren’t valid because loans violated state laws. [The CFPB] says the…
-
CFPB – Cash America International
In November 2013, the CFPB issued a consent order to Cash America International, “one of the countrys largest payday lenders,” for engaging in deceiving debt-collection tactics, such as “robo-signing.” The CFPB determined that the company told employees to “stamp a lawyer’s signature on court documents used to sue customers for past-due debts, a practice which…
-
CFPB v. CashCall, Inc., WS Funding, LLC, Delbert Services Corporation, J. Paul Reddam
In December 2013, the CFPB sued CashCall and its subsidiaries for “engaging in ‘unfair, deceptive, and abusive practices,’ including illegally debiting borrower accounts for loans that were, in fact, void and violating ‘federal law by seeking to collect on loans that were completely void or partially nullified.’” As of February 2017, the case was ongoing;…
-
CFPB – ACE Cash Express
In 2014, The Consumer Financial Protection Bureau reached a settlement with ACE Cash Express which required the Texas-based payday lender to pay a $5 million penalty and $5 million in refunds over charges the company used illegal debt collection practices to pressure borrowers into taking out additional payday loans.” “The Consumer Financial Protection Bureau announced…
-
CFPB v. Hydra Group
The CFPB sued payday lender Hydra Group and several of its executives for allegedly using “information bought from online lead generators to access consumers’ checking accounts to illegally deposit payday loans and withdraw fees without consent.” Hydra Group issued “$97 million in payday loans and collected $115 million from consumers in return.” Additionally, Hydra Group…
-
CFPB – NDG Financial
In 2015, the CFPB filed a lawsuit against NDG Financial, Northway Financial and Northway Broker for “illegally collecting loan amounts and fees that were void or that consumers had no obligations to repay.” The companies allegedly falsely threatened borrowers with “lawsuits and prison.” The regulators are seeking a penalty and restitution for victimized consumers. The…
-
CFPB – Integrity Advance, LLC
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…
-
CFPB – EZCorp Inc.
In 2015, the CFPB fined “payday and pawn lender EZCorp Inc.” $10.5 million for “alleged illegal debt collection tactics,” including aggressive attempts to collect payment at the borrower’s home and workplace and lying about consumers’ rights. EZCorp is an “Austin, Tex.-based lender.” Prior to this case, EZCorp did business under a variety of different names,…