An online payday lender that argued the structure of the Consumer Financial Protection Bureau (CFPB) is unconstitutional while fighting unfair and abusive practices claims has settled unrelated allegations brought by the Pennsylvania Attorney General.
The state of Pennsylvania sued Think Finance in 2014 and its affiliates for allegedly operating a $133 million online loan scheme.
Read on for details of the settlement and an update on the CFPB’s case against Think Finance.
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