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Violation Tracker Individual Record

Company: DMB Financial, LLC
Penalty: $5,400,001
Year: 2021
Date: May 17, 2021
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: The Consumer Financial Protection Bureau requestedthat a federal district court enter a final judgment requiring DMB Financial, LLC to pay consumers at least $5.4 million for charging unlawful fees and failing to provide required disclosures to its customers, and a nominal civil penalty. The CFPB alleged that DMB violated the Telemarketing Sales Rule (TSR) and the Consumer Financial Protection Act (CFPA).
Level of Government: federal
Action Type: agency action
Agency: Consumer Financial Protection Bureau
Civil or Criminal Case: civil
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.