When we take an enforcement action against an entity or person
we believe has violated the law, we will post court documents
and other related materials here.
The Bureau may enforce the law by filing an action in federal
district court or by initiating an administrative adjudication
proceeding. Administrative proceedings are conducted by an
Administrative Law Judge, who holds hearings and issues a
recommended decision. Proceedings are conducted in accordance with
the
Rules of Practice for Adjudication Proceedings.
On July 26, 2024, the Bureau filed a lawsuit against Acima
Holdings, LLC and Acima Digital, LLC (collectively,
“Acima”), and Acima’s founder and former CEO, Aaron Allred
(“Allred”).
On July 9, 2024, the Bureau issued an order against Fifth
Third Bank, N.A., a national bank that, among other
things, offers and services motor vehicle loans to
consumers directly and through a variety of vehicle
dealers.
On June 18, 2024, the Bureau issued an order against NOVAD
Management Consulting, LLC. NOVAD ran a loan-servicing
operation that serviced home equity conversion mortgages,
or reverse mortgage loans, on behalf of the Department of
Housing and Urban Development (HUD).
On June 18, 2024, the Bureau issued an order against
Sutherland Global Services, Inc., Sutherland Mortgage
Services, Inc., and Sutherland Government Solutions, Inc.
Sutherland ran a loan-servicing operation that serviced
home equity conversion mortgages, or reverse mortgage
loans, on behalf of the Department of Housing and Urban
Development (HUD)
On May 31, 2024, the Bureau filed a lawsuit against the
Pennsylvania Higher Education Assistance Agency (PHEAA), a
student loan servicer and guaranty agency headquartered in
Harrisburg, Pennsylvania, which does business as American
Education Services or AES.
On May 20, 2024, the Bureau issued an order against
Western Benefits Group, LLC, a telemarketer and seller of
student-loan debt-relief services, headquartered in
Pleasanton, California.
On May 17, 2024, the Bureau filed a lawsuit against SoLo
Funds, Inc. (SoLo), a fintech company that operates a
nationwide website and mobile-application based
peer-to-peer lending platform through which consumers can
obtain small-dollar, short-term loans.
On May 7, 2024, the Bureau issued an order against Chime
Financial, Inc. (Chime), a financial-technology company
that designed and services consumer banking accounts for
two separate FDIC-insured “partner banks.”
On May 6, 2024, the Consumer Financial Protection Bureau
filed a complaint and two proposed stipulated final
judgments to resolve the Bureau’s claims against the
National Collegiate Student Loan Trusts (the Trusts) and
the Pennsylvania Higher Education Assistance Agency d/b/a
American Education Services (PHEAA), respectively.
On April 17, 2024, the Bureau issued an order against
BloomTech, Inc., a for-profit vocational school that is
also known as the Bloom Institute of Technology and was
formerly known as the Lambda School, and Austen Allred,
the company’s founder and CEO.
On January 10, 2024, the Bureau and seven state attorneys
general filed a complaint and sought a temporary
restraining order and preliminary injunction against
StratFS, LLC f/k/a Strategic Financial Solutions, LLC, as
well as its holding company Strategic Family, Inc.;
various of its subsidiaries, and as individuals: SFS Chief
Executive Officer Ryan Sasson, Jason Blust, Daniel
Blumkin, and Albert Ian Behar.
On December 11, 2023, the Bureau, together with the United
States Department of Justice (DOJ), filed a complaint
against land development companies Colony Ridge
Development, LLC and Colony Ridge BV, LLC, affiliate
mortgage company Colony Ridge Land, LLC (collectively, the
Colony Ridge defendants), and loan origination company
Loan Originator Services, LLC.
On December 19, 2023, the Bureau issued an order against
U.S. Bank in connection with its administration of prepaid
debit cards that held unemployment insurance benefits.
On December 15, 2023, the Bureau issued an order against
Commonwealth Financial Systems, Inc. (Commonwealth), a
Pennsylvania-based third-party debt collection company
that collects past-due medical debts and furnishes
information about consumers to consumer reporting agencies
(CRAs).
On November 28, 2023, the Bureau issued an order against
Bank of America, N.A., which is a national bank
headquartered in Charlotte, North Carolina with branches
and ATMs located in 38 states and the District of
Columbia.
On November 20, 2023, the Bureau issued an order against
Toyota Motor Credit Corporation (“Toyota Credit”), which
is the United States-based auto-financing arm of Toyota
Motor Corporation and one of the largest indirect auto
lenders in the country.
On November 15, 2023, the Bureau issued an order against
Enova International, Inc., a publicly-traded online
small-dollar lender, headquartered in Chicago, Illinois,
that markets, provides, and services loans under the brand
names CashNetUSA (CNU) and NetCredit.
On October 17, 2023, the Bureau issued an order against
Chime, Inc. doing business as Sendwave, a nonbank
remittance transfer provider headquartered in Boston,
Massachusetts.
On October 12, 2023, the Bureau and the Federal Trade
Commission filed a joint complaint and stipulated order
against TransUnion Rental Screening Solutions, Inc., a
Delaware corporation with its principal place of business
in Greenwood Village, Colorado, and its parent company,
Trans Union LLC, a Delaware company with its principal
place of business in Chicago, Illinois.
On October 12, 2023, the Bureau issued an order against
TransUnion, parent company of one of the three nationwide
consumer reporting agencies, and two of its subsidiaries,
Trans Union LLC, and TransUnion Interactive, Inc., which
are headquartered in Chicago, Illinois.
On October 10, 2023, the Bureau filed a lawsuit against
Freedom Mortgage Corporation (Freedom), a residential
mortgage loan originator and servicer headquartered in
Boca Raton, Florida.
On September 11, 2023, the Bureau issued an order against
Tempoe, LLC, a nonbank consumer finance company, with
offices in Cincinnati, Ohio and Manchester, New Hampshire.
On August 22, 2023, the Bureau filed a lawsuit against
Heights Finance Holding Co. f/k/a Southern Management
Corporation as well as its wholly owned, state-licensed
subsidiaries.
