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Consumer Financial Protection Bureau Takes Action Against Payday Lender For Robo-Signing

Consumer Financial Protection Bureau Takes Action Against Payday Lender For Robo-Signing Money America to Refund up to $14 Million for Robo-Signing and Illegally Overcharging Servicemembers Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) today took its very first enforcement action against a payday lender by purchasing money America Overseas, Inc. To refund consumers for robo-signing court documents with debt collection legal actions. The CFPB additionally discovered that money America – one of several biggest short-term, small-dollar loan providers within the [...]

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