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Category: Federal district court case

Spotsylvania Gold & Pawn, Inc.

The Consumer Financial Protection Bureau (CFPB) filed suit against Spotsylvania Gold & Pawn, Inc. on December 19, 2016, alleging that the company broke the law by misstating the actual annual costs of its pawn loans. The court entered a Stipulated Final Judgment and Order on March 20, 2017, which ordered Spotsylvania Gold & Pawn to pay $20,209 in disgorgement and a $7,500 civil money penalty.

Related documents

Stipulated Final Judgment and Order

Complaint

Press release

CFPB Takes Action Against Pawn Companies for Deceiving Consumers About Loan Costs