CFPB Takes on Pension Abusers
The CFPB combined forces with the New York Department of Financial Services and filed a lawsuit against two companies, Pension Funding, LLC and Pension Income, LLC, for deceiving consumers regarding the costs and risks of their pension advance loans. The effort is aimed at stopping deceptive marketing practics that fail to disclose high interest rates and fees, to prevent further consumer injury, and to obtain redress for consumers and other monetary relief. [8/21/15]
