Violation Tracker Individual Record

Company: 
Faas Financial, Inc. et al.
Penalty: 
$150,000
Year: 
2008
Date: 
May 13, 2008
Offense Group: 
financial 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 Business Oversight
Civil or Criminal Case: 
civil
Facility State: 
California
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.