Presto Auto Loans, Inc.

The Consumer Financial Protection Bureau (CFPB) sued five title lenders operating in Arizona — Auto Cash Leasing, LLC; Interstate Lending, LLC; Oasis Title Loans, LLC; Phoenix Title Loans, LLC; and Presto Auto Loans, Inc. — for failing to disclose the annual percentage rate in online advertisements about title loans. The Bureau alleges that the companies advertised a periodic interest rate for their loans without listing the corresponding annual percentage rate. The CFPB filed five individual administrative lawsuits seeking civil monetary penalties and administrative orders requiring the companies to correct their practices.

Press release

CFPB Sues Five Arizona Title Lenders for Failing to Disclose Loan Annual Percentage Rate to Consumers

Document Date filed Short description

028

12/20/2016

Stipulation and Consent to the Issuance of a
Consent Order  (Filed by Consumer Financial
Protection Bureau
)

027

12/20/2016

Consent Order (Filed by Consumer Financial Protection Bureau)

026

12/15/2016

Order Granting Fourth Joint Motion to Extend Time to Answer Notice of Charges and Hold Scheduling Conf. (Filed by Administrative Law Judge Christine L. Kirby)

025

12/15/2016

Fourth Joint Motion to Extend Time to Answer Notice of Charges and Hold Scheduling Conf. (Filed by CFPB and Respondents)

Attachment A: Proposed Order

024

11/22/2016

Order Granting Third Joint Motion to Extend Time to Answer Notice of Charges and Hold Scheduling Conf. (Filed by Administrative Law Judge Christine L. Kirby)

023

11/21/2016

Third Joint Motion to Extend Time to Answer Notice of Charges and Hold Scheduling Conf. (Filed by CFPB and Respondents)

Attachment A:  Proposed Order

022

10/28/2016

Order Granting Second Joint Motion to Extend Time to Answer Notice of Charges and Hold Scheduling Conf. (Filed by Administrative Law Judge Christine L. Kirby)

021

10/27/2016

Second Joint Motion to Extend Time to Answer Notice of Charges and Hold Scheduling Conf. (Filed by CFPB and Respondents)

Attachment A: Proposed Order

020

10/20/2016

Notice of Withdrawal of Appearance (Tucker Harris) (Filed by Consumer Financial Protection Bureau)

019

10/20/2016

Notice of Withdrawal of Appearance (Kulbaski)
(Filed by Consumer Financial Protection Bureau)

018

10/17/2016

Order Granting Joint Motion to Extend Time to Answer Notice of Charges and Hold Scheduling Conf. (Filed by Administrative Law Judge Christine L. Kirby)

017

10/17/2016

Joint Motion to Extend Time to Answer Notice of Charges and Hold Scheduling Conf. (Filed by CFPB and Respondents)

Attachment A: Proposed Order

016

10/03/2016

Scheduling Conference Order (Filed by Administrative Law Judge Christine L. Kirby)

015

10/03/2016

Order Granting Respondents Motion to Extend Time to Answer Notice of Charges and Hold Scheduling Conf. (Filed by Administrative Law Judge Christine L. Kirby)

014

09/30/2016

Motion to Extend Time to Answer Notice of Charges and Hold Scheduling Conf. (Filed by Respondents)

Attachment A: Proposed Order

013

09/30/2016

Disclosure Statement (Filed by Respondents)

012

09/30/2016

Consent to Electronic Service (Filed by Respondents)

011

09/30/2016

Notice of Appearance (Winston) (Filed by Respondents)

010

09/30/2016

Notice of Appearance (Kosa) (Filed by Respondents)

009

09/30/2016

Notice of Appearance (Brnilovich) (Filed by Respondents)

008

09/26/2016

Notice of Appearance (Krause) (Filed by Consumer Financial Protection Bureau)

007

09/21/2016

Certificate of Service of Notice of Charges (Filed by Consumer Financial Protection Bureau)

006

09/20/2016

Notice of Appearance (Kulbaski) (Filed by Consumer Financial Protection Bureau)

005

09/20/2016

Notice of Appearance (Rubenstein) (Filed by Consumer Financial Protection Bureau)

004

09/20/2016

Notice of Appearance (Tucker Harris) (Filed by Consumer Financial Protection Bureau)

003

09/20/2016

Notice of Appearance (Coleman) (Filed by Consumer Financial Protection Bureau)

002

09/20/2016

Consent to Electronic Service (Filed by Consumer Financial Protection Bureau)

001

09/20/2016

Notice of Charges (Filed by Consumer Financial Protection Bureau)