The Consumer Financial Protection Bureau (CFPB) has agreed to settle with a Chicago-based online lender that extends unsecured payday and installment loans, and lines of credit.
The bureau found that Enova violated the Consumer Financial Protection Act (CFPA) by debiting consumers’ bank accounts without authorization.
The bureau found also that Enova failed to honor loan extensions it granted to consumers.
Read on for details from the consent order.
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