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TMX Finance LLC

On September 26, 2016, the Consumer Financial Protection Bureau (CFPB) took action against TitleMax parent company TMX Finance LLC for luring consumers into costly loan renewals by presenting them with misleading information about the deals’ terms and costs. The lender also used unfair debt collection tactics that illegally exposed information about debts to borrowers’ employers, friends, and family. The Bureau ordered TMX Finance to stop its unlawful practices and pay a $9 million penalty.

Related documents

Consent order

Stipulation

Consent order modification

Stipulation modification

Press release

CFPB Fines Titlemax Parent Company $9 Million for Luring Consumers Into More Costly Loans

Case docket

View case filings