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 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.