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Fintech company enters consent order with CFPB
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Banking, Case Law, Consumer Protection
Thursday, July 15, 2021
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The Consumer Financial Protection Bureau issued a consent order against GreenSky, LLC, a nonbank fintech company
headquartered in Atlanta, for enabling contractors and other merchants to take out loans on behalf of thousands of consumers without consent or authorization.
The bureau found the company engaged in unfair practices against their customers in violation of the Consumer Financial Protection Act of 2010.
For more details from the consent order, read on.
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