Woodbridge Coins and Jewelry Exchange, Inc. d/b/a Woodbridge Gold & Pawn
On Feb. 2, 2017, the Consumer Financial Protection Bureau (CFPB) and the Attorney General of Virginia took action against Woodbridge Coins and Jewelry Exchange, Inc., doing business as Woodbridge Gold & Pawn, for deceiving consumers about the actual annual costs of its loans. The CFPB and Virginia alleged that the company broke the law by misstating the charges associated with pawn loans. The CFPB and Virginia filed a complaint and a consent order in federal court, and the consent order was entered by the court on Feb. 7, 2017. The order required Woodbridge Gold & Pawn to pay $79,000 in consumer relief and penalties.