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Violation Tracker Individual Record

Company: Community Loans of American, Inc.
Penalty: $5,900,000
Year: 2024
Date: January 10, 2024
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Community Loans of America, a national auto title lending company, settled to resolve allegations it preyed on borrowers with unlawful lending practices and interest rates, some exceeding 300 percent. As part of the settlement, the company will pay $2.2 million in restitution to consumers and cancel $3.7 million in remaining debt.
Level of Government: state
Action Type: agency action
Agency: Pennsylvania Attorney General
Civil or Criminal Case: civil
Facility State: Pennsylvania
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.