CFPB enters into consent order with lender to settle claims alleging deceptive advertising and collection letters, unauthorized electronic transfers

Barbara S. Mishkin The CFPB announced that it has entered into a consent order with Moneytree, Inc. to settle allegations that the company engaged in deceptive advertising, sent consumers deceptive collection letters, and did not obtain written authorization for electronic repayments.  The consent order requires the company to pay approximately $255,000 in consumer redress and a civil money... More >...(read more)

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