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CFPB to distribute nearly $6 million to consumers harmed by predatory loans to veterans
January 2, 2024 / Source: CFPB
In December, the CFPB sent $6 million in financial relief to consumers harmed by illegal lending practices targeting veterans. Five people and their companies misled veterans and other consumers into selling their pension and disability payments, which is illegal under federal and relevant state law. These transactions were instead illegal high-interest loans. The lawsuits involved…
Rules of Practice and U.S. Beneficial Ownership Information Registry Now Accepting Reports: Final Rule
January 2, 2024 / Source: FinCEN
Immediate Release January 01, 2024 Existing Companies Have One Year to File; New Companies Must File Within 90 Days of Creation or Registration WASHINGTON — Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) began accepting beneficial ownership information reports. The bipartisan Corporate Transparency Act, enacted in 2021 to curb illicit finance, requires…