CFPB fines Enova $15 million for repeat offenses, orders exec compensation reforms

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.