CFPB Sues CashCall for Prohibited On Line Loan Servicing

CFPB Sues CashCall for Prohibited On Line Loan Servicing

Bureau’s First On Line Lending Action Seeks Refund of Illegally Collected Cash

WASHINGTON, D.C. – Today the customer Financial payday loans in Michigan Protection Bureau (CFPB) took its very very first action against an on-line loan servicer, CashCall Inc., its owner, its subsidiary, and its particular affiliate, for gathering cash customers failed to owe. The CFPB alleges that the defendants involved with unfair, misleading, and abusive techniques, including illegally debiting customer checking accounts for loans that have been void. Continue reading “CFPB Sues CashCall for Prohibited On Line Loan Servicing”