The Consumer Financial Protection Bureau has reached a $60 million settlement with the defunct lending arm of a bankrupt for-profit lender, ending a five-year legal battle. The settlement, with ITT Educational Services, Inc., resolves a lawsuit the CFPB filed back in 2014 that accused the lender of engaging in unfair …
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The Bureau of Consumer Financial Protection has announced a $5 million settlement with Security Group Inc., and its subsidiaries, Security Finance Corp. and Professional Financial Services Corp., after the payday lender was accused of engaging in unfair, deceptive, abusive acts or practices related to how it collected on those loans. The …
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A pair of individuals who were charged last year with operating an abusive debt collection scam have reached a proposed settlement with the Federal Trade Commission which will see them barred from the ARM industry for the rest of their lives, as well as imposing a judgment of more than …
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