Cash America News
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Payday lender Cash America International will refund consumers $14 million and pay a $5 million fine to settle civil allegations that it improperly pursued some customers' debt and overcharged military service members, U.S. regulators said on Wednesday. The enforcement action against Cash America International is the first against a payday lender from the Consumer Financial Protection Bureau, a new regulator created by the 2010 Dodd-Frank Wall Street reform law. Payday lenders like Cash America provide small short-term loans at high interest rates to help a borrower get to the next paycheck. In addition to the company's problems with debt collection and overcharging, the CFPB also accused the company of impeding a regulatory exam by destroying certain documents and coaching employees on what to tell examiners.
Cash America International, Inc. today announced that it has reached a settlement with the Consumer Financial Protection Bureau. Without admitting or denying any of the facts or conclusions made by the CFPB from its review, Cash America agreed in a consent order to pay a penalty of $5 million and to set aside $8 million for a period of 180 days to fund any further payments to eligible Ohio customers ...
The U.S. consumer bureau on Wednesday charged payday lender Cash America International Inc with improperly pursuing some customers' debts and illegally overcharging members of the military. Cash America ...
CASH AMERICA INTERNATIONAL INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and ExhibitsNov 15
Cash America International, Inc. today announced that it will host an analyst day in Las Vegas, NV on Thursday, November 21, 2013. This analyst day will include executive management presentations to discuss corporate strategy and performance metrics followed by a question and answer session.