United States: Lender Settles CFPB Charges For Unlawful Payment Terms On Loans To Military Personnel  - Cadwalader, Wickersham & Taft LLP

United States: Lender Settles CFPB Charges For Unlawful Payment Terms On Loans To Military Personnel - Cadwalader, Wickersham & Taft LLP

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The lender agreed to (i) a $2.175 million civil money penalty and (ii) injunctive relief to cease ongoing violations and prevent future violations.

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