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Violation Tracker Individual Record

Company: Faas Financial, Inc. et al.
Penalty: $150,000
Year: 2008
Date: May 13, 2008
Offense Group: consumer-protection-related offenses
Primary Offense: payday lending violation
Violation Description: Faas Financial, Inc., dba FFI Payday Loans, Faas Enterprises, Inc., dba Cash 4 Checks dba Check Cashing Center dba FFI Payday Loans dba FFI Payday Loans.com and their owner agreed to pay $125,000 in voided transactions and refunds, plus a $15,000 penalty and $10,000 in costs in settlement of allegations they violated the California Deferred Deposit Transaction Law.
Level of Government: state
Action Type: agency action
Agency: California Department of Financial Protection and Innovation
Civil or Criminal Case: civil
Facility State: California
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.