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CFPB v. Omni Financial of Nevada, Inc., also doing business as Omni Financial and Omni Military Loans

On December 30, 2020, the Consumer Financial Protection Bureau (CFPB) issued a consent order against Omni Financial of Nevada, Inc. (Omni).

Omni is an installment lender specializing in lending to military members. The Bureau found that Omni violated the Military Lending Act’s prohibition on requiring repayment of loans by allotment and the Electronic Fund Transfer Act’s (EFTA) prohibition against requiring that consumers preauthorize electronic fund transfers as a condition of receiving credit.

Victim compensation

In February 2022, the CFPB began mailing checks to eligible consumers. This matter is now closed.

For more information on this closed case, contact us at Consumer Financial Protection Bureau, Attn: OCFO – Omni Financial, 1700 G Street NW, Washington DC 20552.

Important dates

February 2022 – December 2023 Distribution

More information about the case

Read the court order

Read the press release