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Compliance

CFPB Fines Online Lender $3.2M For Illegally Debiting Accounts

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Enova International, an online payday lender, has been fined $3.2 million by the Consumer Financial Protection Bureau for allegedly withdrawing payments from individuals’ bank accounts without the proper permission and failing to honor loan extensions it had granted to customers. The lender would purchase loan applications from lead generators and …

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