November 23, 2015
Two of the nation's top financial regulators on Friday said that a California federal judge should reject claims from pension advance firms that they are not lenders and not subject to the two agencies' jurisdiction to impose an injunction on the firms that would stop them from potentially abusing consumers.
October 15, 2015
The Consumer Financial Protection Bureau and the New York Department of Financial Services on Wednesday asked a California federal judge to shut down two companies they claim are duping consumers into borrowing against their pensions.
August 21, 2015
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.