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 Today the buyer Financial Protection Bureau (CFPB) took its very very first action against an online loan servicer, CashCall Inc., its owner, its subsidiary, and its own affiliate, for collecting cash customers failed to owe. The CFPB alleges that the defendants involved with unfair, misleading, and abusive techniques, including consumer that is illegally debiting accounts for loans that have been void. […]