Violation Tracker Individual Record

Company: 
Selling Source dba MoneyMutual
Penalty: 
$2,100,000
Year: 
2015
Date: 
March 10, 2015
Offense Group: 
financial offenses
Primary Offense: 
payday lending violation
Violation Description: 

Selling Source dba MoneyMutual agreed to pay a $2.1 million penalty, cease its payday loan lead generation activities in New York, and provide new consumer warnings and disclosures after a Department of Financial Services investigation uncovered that the company marketed illegal, online payday loans to New York consumers.

Level of Government: 
state
Action Type: 
agency action
Agency: 
New York Department of Financial Services
Civil or Criminal Case: 
civil
Facility State: 
New York
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.