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Military

MoneyLion Charged Military Members Excessive Interest, Feds Charge

MoneyLion Charged Military Members Excessive Interest, Feds Charge

The Consumer Financial Protection Bureau (CFPB) is suing MoneyLion Technologies, an online lender, and 38 of its subsidiaries, alleging that it imposed illegal and excessive charges on armed service members and their dependents. “MoneyLion targeted military families by illegally extracting fees and making it difficult to cancel monthly subscriptions,” said

Pawn Lenders Overcharged Military Consumers, Complaint Alleges

Pawn Lenders Overcharged Military Consumers, Complaint Alleges

Members of the military are protected from excessive interest rates on loans but in the real world, those protections are often ignored. In the latest example, the Consumer Financial Protection Bureau (CFPB) today filed a lawsuit in a Texas federal district court against FirstCash, Inc. and Cash America West, Inc.