CFPB and brand brand brand New York Department of Financial solutions Sue Pension Advance Companies for Deceiving Consumers About Loan Costs

CFPB and brand brand brand New York Department of Financial solutions Sue Pension Advance Companies for Deceiving Consumers About Loan Costs

Businesses Hid Loan interest levels and costs and Deceived Consumers About Other regards to the offer

WASHINGTON, D.C. — the Consumer Financial Protection Bureau (CFPB) and the New York Department of Financial Services (NYDFS) filed a lawsuit in federal court against two companies, Pension Funding, LLC and Pension Income, LLC, and three of the companies’ individual managers for deceiving consumers about the costs and risks of their pension advance loans today. The CFPB and NYDFS allege that the businesses duped customers into borrowing against their retirement benefits by deceptively promoting the item being a purchase in place of a loan and neglecting to reveal interest that is high and charges. The CFPB and NYDFS are searhing for to finish the unlawful techniques, to avoid further customer damage, and also to get redress for customers as well as other relief that is monetary. Continue reading “CFPB and brand brand brand New York Department of Financial solutions Sue Pension Advance Companies for Deceiving Consumers About Loan Costs”