CFPB Says Debt Biz Owner Owes $43M In Fines, Restitution

By Celeste Bott (October 17, 2022, 3:55 PM EDT) — The Consumer Financial Protection Bureau wants the former owner of an Illinois debt company to pay $43 million in restitution and civil penalties on behalf of the now-defunct firm, seeking summary judgment in its suit accusing the company of charging disproportionately high fees and baselessly telling customers they could pay less on their student loans….

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