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Violation Tracker Individual Record

Company: Action Loan Company, Inc.,
Penalty: $387,000
Year: 2000
Date: August 24, 2000
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Action Loan Company, Inc., of Louisville, Kentucky, and its owner agreed to pay a $350,000 civil penalty and up to a total of $37,000 in consumer redress as part of a joint settlement with the Federal Trade Commission and the Department of Housing and Urban Development resolving allegations that they violated a host of federal lending and consumer protection laws when making loans secured by real or personal property to consumers.
Level of Government: federal
Action Type: agency action
Agency: Federal Trade Commission
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.