CFPB Takes First Action Against Payday Lender for Robosigning and Military Lending Act Violations

Home » CFPB Takes First Action Against Payday Lender for Robosigning and Military Lending Act Violations

In its first action against a payday lender, the Consumer Financial Protection Bureau (“CFPB”) ordered Cash America International Inc. to pay $19 million for “robo-signing” court documents and overcharging military service members. The CFPB estimates that about 14,000 consumers paid money as a result of debt collection litigation which may have involved reliance on improper […]

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