Federal and International

Consumer Financial Protection Bureau Takes Action to Shut Down Sham Credit Card

Bureau Seeks Order Requiring Company to End Illegal Operations and Pay $70,000 Fine

WASHINGTON, D.C. –(ENEWSPF)—February 3, 2015.  Today, the Consumer Financial Protection Bureau (CFPB) asked a federal district court to enter a consent order that would permanently ban a Texas-based company, Union Workers Credit Services, from offering any consumer credit products or services after it duped thousands of consumers into signing up for a sham credit card. The order would also require the company…

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