Penalties: $1.00
Respondent: Mark Corbett
Violation: Corbett violated the Consumer Financial Protection Act of 2010 by misrepresenting to consumers that the contracts he facilitates are valid and enforceable when, in fact, the contracts are void because veterans’ pension payments are unassignable under federal law; misrepresenting to consumers that the offered product is a purchase of payments and not a high-interest credit offer; misrepresenting to consumers when they will receive their funds; and failing to disclose to consumers the applicable interest rate on the credit offer… Read More
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1558 Enforcement Actions in the U.S. over past 30 days
FTC enforcements decreased 55% over the past 30 days
SEC issued enforcements: $37,812,859 over the past 30 days
50 Final Rules go into effect in the next 7 days
49 Mortgage Lending docs published in the last 7 days
1670 docs with extracted obligations from the last 7 days
new Proposed and Final Rules were published in the past 7 days
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