Consumer News, Financial & Insurance Fraud, Personal Protection

Consumer Financial Protection Bureau Doing Good Work!

Consumer Financial Protection Bureau Doing Good Work!
Posted: November 25, 2013 at 2:15 pm   /   by   /   comments (2)

CFPB recently announced enforcement action against payday lender:

Today we’re announcing an enforcement action against payday lender Cash America International, Inc., one of the largest short-term, small-dollar lenders in the country. The company has agreed to reimburse up to $14 million to approximately 14,000 people for robo-signing practices related to debt collection lawsuits. The company will also pay a $5 million penalty for the violations and other misconduct.

Who is eligible for a refund?
You may be eligible for a full refund if you paid money because of a collections lawsuit from January 1, 2008 through October 1, 2012 to any of the following companies:

Ohio Neighborhood Finance, Inc., d/b/a Cashland

Cash America Pawn, Inc. of Ohio

Cashland Financial Services, Inc.

Cash America Net of Ohio, LLC

Ohio Neighborhood Credit Solutions, Inc.

CNU of Ohio, LLC.

If you have not already received your refund, or think you received the wrong amount of refund, please contact the company administering the refund no later than May 19, 2014. You can call them at (877) 524-8480 or find more information on their website: www.voluntaryloanrefundprogram.com

Problem with a payday loan?
You can submit a complaint online or by calling (855) 411-2372.

You can also get clear, unbiased answers to questions about payday loans on Ask CFPB.

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  • February 21, 2016 at 2:32 am San

    You need to consider two asctpesOnline safety and real world protection. In the real world your card is very safe as long as you do not reveal your pin number. You should change your pin regularly and do not use a pin that could be guessed easily for example your birthday. Remember should you lose your card get it cancelled instantly by ringing the bank.Now as for online safety. This can be an issue true. Many sites are what we refer to as phising sites, fakes websites designed to mimic exisiting sites to trick users into provided bank details. In this sence you could be passing your bank details over to a criminal. Tips to stay safe online Only use trusted sites that have a good reputationEnsure the url is the one your expectedMost sites will ask you to log in and address you by nameBe careful of spam or fake emailAll the besta2hεεrs

    Reply