Recent enforcement actions details

Case number: 
31939

Business:
Credit Club Inc

Does business as:

Individual First Name:

Individual Last Name:

Attached PDFs: 

• Decision
• Administrative Penalty
• Compliance Order

Summary:

Allegation(s)

Failure to include loan term in payday loan agreements, BPCPA 112.06(2)(g) - confirmed

Failure to include annual percentage rate in payday loan agreements, BPCPA 112.06(2)(k) - confirmed

Failure to include statement of remedies available to the borrower in payday loan agreements, BPCPA 112.06(2)(r) - confirmed

Failure to include date of advance in payday loan agreements, BPCPA 112.06(2)(e) - dismissed

Action(s) Taken

Administrative Penalties issued for breaches to BPCPA 112.06(2)(g) and BPCPA 112.06(2)(r) in the total amount of $6,000.00

Compliance Order to reimburse inspection costs in the amount of $2,623.00