The Consumer Financial Protection Bureau (CFPB) has entered into a settlement agreement with a contract broker that offers high-interest pension advances to veterans.
The bureau found that Mark Corbett misrepresented to U.S. veterans with disability pensions that the contracts he facilitates are valid and enforceable when, in fact, the contracts are void because veterans’ pension payments are unassignable under federal law.
Read on for details from the consent order.
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