CFPB, NYDFS Sue Scheming Calif. Pension Advance Cos.

By John Kennedy (August 21, 2015, 1:37 PM EDT) -- The Consumer Financial Protection Bureau and the New York Department of Financial Services on Thursday hit two California companies with a lawsuit in California federal court, claiming they duped consumers into borrowing against their pensions by marketing the product as a sale and hiding high interest rates and fees....

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