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Violation Tracker Individual Record

Company: Continental Finance Company LLC
Penalty: $2,950,000
Year: 2015
Date: February 4, 2015
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: credit card violation
Violation Description: The Consumer Financial Protection Bureau ordered Continental Finance Company LLC, a subprime credit card company based in Delaware, to refund an estimated $2.7 million to approximately 98,000 consumers who were charged illegal credit card fees. The agency found that the company's "fee-harveste"? subprime credit cards misrepresented certain fees and hit consumers with illegal charges. The order also required the company to pay a civil penalty of $250,000.
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.