Michigan AG Dana Nessel filed a lawsuit against three MV Realty LLCs, alleging that they misled homeowners over claims that the companies operated an illegal and deceptive home loan and lien scheme through a cash payment program that imposed long-term financial obligations on properties. The lawsuit alleges that MV Realty presented itself as a real…

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Maryland AG Anthony Brown announced that Maryland and the AGs of 40 other states have reached a $694 million settlement with Credit Acceptance Corporation (CAC), a major auto finance company that provides loans to consumers with limited or impaired credit histories. The settlement provides a combination of cash restitution and debt relief related to certain…

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In Keturah’s latest Oregon AG Watch article for Law360, AG Watch: Oregon Targets Consumer Costs, she examines how Oregon Attorney General Dan Rayfield’s focus on lowering consumer costs is playing out through significant litigation over state and federal laws governing financial services.

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The FTC has reached a $4.85 million settlement with the global payment processor Nuvei Corporation and its subsidiaries, Nuvei International Group Limited, Nuvei Limited, SafeCharge Digital Limited, and Nuvei Technologies Inc. over allegations that the firm provided payment processing services to merchants that were engaged in alleged deceptive conduct, including technology and support scams that…

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Colorado AG Phil Weiser filed a lawsuit against Activehours, Inc., the company behind EarnIn, alleging that EarnIn’s products that it says allows consumers to access their money the same day they work constitutes illegal high-cost payday loans in violation of state lending and consumer protection laws. The lawsuit alleges that EarnIn uses deceptive app designs…

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