Company to Pay $700,000 to Consumers Deceived About Terms of Deferred-Interest Financing for Dental Work
WASHINGTON, D.C. —(ENEWSPF)–August 19, 2015. The Consumer Financial Protection Bureau (CFPB) has ordered Springstone Financial, LLC to provide $700,000 in relief to victims of deceptive credit enrollment tactics. Many consumers who signed up for Springstone’s deferred-interest loan product at dental offices to pay for dental work were led to believe that the product was interest free. In fact, interest accrued…
