Today, Bureau Acting Director Mick Mulvaney issued the following statement in response to a bulletin from the Office of the Comptroller of the Currency regarding short-term, small-dollar credit.
Proposed Order Would Shutter Post-Settlement Funding Business, End Deceptive Business Practices, and Impose Penalties
Bureau Alleges Companies Deceived Consumers About Debt That Was Not Legally Owed
Pawnbroker to Pay Restitution to Consumers and End Deceptive Disclosures
Bureau Alleges Four Virginia Pawnbrokers Disclosed Misleading Annual Percentage Rates
Bureau Orders Financial Services Company to Pay $255,000 to Consumers
Bureau Alleges Virginia Pawnbroker Disclosed Misleadingly Low Annual Percentage Rate
Online Lender Did Not Help Consumers Build Credit or Access Cheaper Loans, As It Claimed
Report Highlights Violations in Auto Origination, Debt Collection, Mortgage Origination and Small-dollar Lending
