Violation Tracker Individual Record

Company: 
Driver Loan, LLC
Penalty: 
$1,100,000
Year: 
2021
Date: 
May 27, 2021
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
consumer protection violation
Violation Description: 

The Consumer Financial Protection Bureau announced a settlement with Driver Loan, LLC to resolve allegations that it violated federal law by misrepresenting the risks and interest rates associated with its consumer loans.

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.