Consumer Financial Protection Bureau Settles With Short-Term Lenders for Engaging in Unfair and Deceptive Acts and Practices
June 03, 2020
June 03, 2020
WASHINGTON, June 3 -- The Consumer Financial Protection Bureau issued the following news release:
The Consumer Financial Protection Bureau (Bureau) announced a settlement with Main Street Personal Finance, Inc. and its subsidiaries--ACAC, Inc., which conducts business under the name Approved Cash Advance, and Quik Lend, Inc.--(collectively, Approved Cash). The companies, which are based in Cleveland, Tennessee, offer payday and auto-title loans and own and operate about 156 stores i . . .
The Consumer Financial Protection Bureau (Bureau) announced a settlement with Main Street Personal Finance, Inc. and its subsidiaries--ACAC, Inc., which conducts business under the name Approved Cash Advance, and Quik Lend, Inc.--(collectively, Approved Cash). The companies, which are based in Cleveland, Tennessee, offer payday and auto-title loans and own and operate about 156 stores i . . .