Pension Funding, LLC; Pension Income, LLC; Steven Covey; Edwin Lichtig; and Rex Hofelter

CFPB and the New York Department of Financial Services (NYDFS) filed a lawsuit in federal court against two companies, Pension Funding, LLC and Pension Income, LLC, and three of the companies’ individual managers for deceiving consumers about the costs and risks of their pension advance loans.

Related documents

Complaint for Violations of the Consumer Financial Protection Act and New York Banking and Financial Services Laws

Press release

CFPB and New York Department of Financial Services Sue Pension Advance Companies for Deceiving Customers About Loan Costs