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Violation Tracker Individual Record

Company: SFS Inc.
Penalty: $2,200,000
Year: 2016
Date: January 5, 2016
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: payday lending violation
Violation Description: Two payday lenders settled Federal Trade Commission charges that they illegally charged consumers across the country undisclosed and inflated fees. The two companies, Red Cedar Services Inc. and SFS Inc., each paid $2.2 million and collectively waived $68 million in fees to consumers that were not collected.
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.