Pawnbrokers news and trends

CFPB, VA AG Penalize Woodbridge Gold & Pawn for Deceitful Consumer Loans

February 03, 2017
CFPB Goes After Pawnbroker
CFPB Acts Against Deceptive Pawn Companies
Security & Fraud // December 20, 2016

The Consumer Financial Protection Bureau (CFPB) announced Monday (Dec. 19) that it took action against four Virginia pawnbrokers for what it said was deceptive practices in terms of the actual annual costs of loans. In a press release, the CFPB said it filed lawsuits in...

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CFPB, VA AG Penalize Woodbridge Gold & Pawn for Deceitful Consumer Loans

February 03, 2017
A pawnbroker in Virginia will have to face paying restitutions to customers whom the Consumer Financial Protection Bureau (CFPB) and the Attorney General of Virginia said it deceived about the actual costs of its loans. The CFPB and Virginia Attorney General took action against Woodbridge Coins and Jewelry Exchange, Inc., which operates as Woodbridge Gold […]

CFPB Acts Against Deceptive Pawn Companies

December 20, 2016
The Consumer Financial Protection Bureau (CFPB) announced Monday (Dec. 19) that it took action against four Virginia pawnbrokers for what it said was deceptive practices in terms of the actual...