CFPB Sues Online Lenders for
Deceiving Consumers
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The Consumer
Financial Protection Bureau sued four online lenders for allegedly deceiving
consumers by collecting debts they were not legally owed. The federal lawsuit
says Golden Valley Lending, Silver Cloud Financial, Mountain Summit Financial
and Majestic Lake Financial could not legally collect on these debts because
the loans were void under state laws governing interest rate caps or the
licensing of lenders.
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St Casimirs Mortgage Minute. . . Help in navigating the mortgage application process. Get advice from Nelson Bayne, 410-342-1404 mortgage specialist with over 35 years of experience in the Baltimore metro area.
Friday, April 28, 2017
From ICBA...
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