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CFPB fines Enova $15 million for repeat offenses, orders exec compensation reforms
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Consumer Protection
Friday, November 17, 2023
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Repeat offenders have become a common theme in enforcement
actions issued by the Consumer Financial Protection Bureau. For the second time
in four years, the bureau has ordered Enova International Inc. to cease ongoing
illegal conduct and pay a multi-million-dollar penalty to redress affected consumers.
The bureau’s latest action against Enova calls for the
online lender to pay a $15 million civil money penalty for actions which
violated the Consumer Financial Protection Act.
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