December 19, 2016

The CFPB filed federal lawsuits against four Virginia pawnbrokers for deceiving consumers about the actual annual costs of their loans. Spotsylvania Gold & Pawn, Inc., Fredericksburg Pawn, Inc., Pawn U.S.A., Inc., and A to Z Pawn, Inc. allegedly broke the law by misstating the charges associated with pawn loans. The CFPB seeks to end the pawnbrokers’ illegal practices, get restitution for the consumers they harmed, and impose penalties.  CFPB

Tagged in: Misrepresentations,