A federal court granted the Consumer Financial Protection Bureau’s (CFPB) request for partial summary judgment regarding its claims against an online loan servicer and affiliated parties for allegedly attempting to evade consumer protection laws.
The Central California District Court ordered the company to pay significantly less than what the CFPB requested, asserting that the bureau failed to establish certain evidence that would warrant a larger penalty sum.
Find out more about what factors led the bureau to file suit and to the court’s decision.