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 Financial Protection and Innovation
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.
