Violation Tracker Individual Record
Company:
Cash America International Inc.
Current Parent Company:
FirstCash
Penalty:
$19,000,000
Year:
2013
Date:
November 20, 2013
Offense Group:
financial offenses
Primary Offense:
payday lending violation
Secondary Offense:
Servicemembers Civil Relief Act
Violation Description:
The Consumer Financial Protection Bureau ordered Cash America International, Inc. to refund consumers for robo-signing court documents in debt collection lawsuits. The CFPB also found that Cash America one of the largest short-term, small-dollar lenders in the country violated the Military Lending Act by illegally overcharging servicemembers and their families. Cash America was required to pay up to $14 million in refunds to consumers and a $5 million fine for these violations and for destroying records in advance of the Bureau's examination.
Level of Government:
federal
Action Type:
agency action
Agency:
Consumer Financial Protection Bureau
Civil or Criminal Case:
civil
HQ Country of Parent:
USA
HQ State of Parent:
Texas
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
financial services
Specific Industry of Parent:
pawn shops
Source of Data:
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
