The Consumer Financial Protection Bureau (CFPB) has settled with a small-dollar lender that violated the disclosure requirements of TILA by failing to properly disclose finance charges associated with auto title loans in Mississippi.
Triton Management Group was given a $1.5 million judgment, which represents the undisclosed finance charges consumers paid on their Triton loans.
But will the company have to pay the full amount of consumer redress? Read on to find out.
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