Stephen Shaw

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California Department of Business Oversight Enters Into $900,000 Consent Order With Payday Lender

On January 22, 2019, the California Department of Business Oversight (DBO) announced that it had entered into a consent order with a payday lender to resolve allegations that the company violated the California Financing Law,...more

1/29/2019 / Consent Order , Consumer Lenders , Department of Business Oversight , Interest Rates , Payday Loans

CFPB Announces $3.2 Million Settlement with Online Payday Lender

On January 25, 2019, the Consumer Financial Protection Bureau (CFPB) announced that it had entered into a consent order with an online lender that extends unsecured payday and installment loans, as well as lines of credit,...more

1/29/2019 / Consent Order , Consumer Financial Products , Consumer Financial Protection Bureau (CFPB) , Consumer Lenders , Enforcement Actions , Internet Lenders , Payday Loans

CFPB Announces $1 Settlement With Military Pension-Advance Broker

On January 23, 2019, the Consumer Financial Protection Bureau (CFPB) announced that it had entered into a consent order with a loan broker, resolving allegations the broker’s offering of high-interest credit to veterans on...more

1/29/2019 / Brokers , Consent Order , Consumer Financial Products , Consumer Financial Protection Act (CFPA) , Consumer Financial Protection Bureau (CFPB) , Consumer Lenders , Enforcement Actions , Military Service Members , Pensions

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