B&B Pawnbrokers, Inc.

On Nov. 3, 2016, the Consumer Financial Protection Bureau (CFPB) took action against B&B Pawnbrokers, Inc., for deceiving consumers about the actual annual cost of its loans. In a lawsuit filed in federal court, the CFPB alleged that B&B Pawnbrokers broke the law by misstating the charges associated with pawn loans. The court entered a stipulated final judgment and order on March 1, 2017, which ordered Pawn U.S.A., Inc. to pay $29,000 in disgorgement and a $5,000 civil money penalty.

Related documents

Complaint

Stipulated final judgment and order

Press release

CFPB Takes Action Against B&B Pawnbrokers For Deceiving Consumers About Loan Costs