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Violation Tracker Individual Record

Company: LVNV Funding LLC and Resurgent Capital Services Limited Partnership
Penalty: $4,868,758
Year: 2012
Date: June 28, 2012
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: LVNV Funding LLC and Resurgent Capital Services Limited Partnership, both subsidiaries of Sherman Financial Group LLC, agreed to pay a $1 million penalty; $23,567 in administrative costs; and $3,845,191 in consumer credits to settle allegations that they engaged in debt collection without proper licenses and in violation of state regulations.
Level of Government: state
Action Type: agency action
Agency: Maryland Commissioner of Financial Regulation
Civil or Criminal Case: civil
Facility State: Maryland
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.