CFPB v. U.S. Equities Advantage, Inc.
On November 20, 2020, the Bureau issued a Consent Order against U.S. Equities Advantage, Inc. and its Owner, Robert M. Steenbergh.
The CFPB found that the company’s disclosures and advertisements of its auto loan payment program contained misleading statements in violation of the Consumer Financial Protection Act of (CFPA) 2010’s prohibition against deceptive acts or practices.
Victim compensation
In August 2022, the CFPB began mailing checks to eligible consumers who enrolled in a program to accelerate their loan payments through U.S. Equities Advantage, Inc.
The CFPB has contracted with RUST Consulting to administer payments for this case and to answer questions from consumers.
For questions related to this case, please:
- Call: 1-833-630-1414 (Toll-Free)
- Email: usea_info@rustcfpbconsumerprotection.org
- Write: CFPB v. U.S. Equities Advantage, Third Party Administrator – 7477, PO Box 2561, Fairbault, MN 55021-9561
Important dates
August 2022 – Ongoing: Distribution