Defendants Would Pay a Total of $438,000 in Redress and another $438,000 in Civil Penalties
WASHINGTON, D.C. —(ENEWSPF)—April 14, 2015. Today, the Consumer Financial Protection Bureau (CFPB) announced that, together with the Navajo Nation, it is taking action against companies and individuals who operated an illegal tax-refund scheme. The scheme was based on tax-preparation franchises steering low-income consumers, including many citizens of the Navajo Nation, toward high-cost tax-refund-anticipation loans. A proposed order, if approved by…
