The company will pay $13 million in refunds, stop collecting $21 million in outstanding loans and fix negative entries in credit reports.
Lenders are accused of higher interest rates and other fees.
The Consumer Financial Protection Bureau announced Wednesday it will restart its examinations of lenders to enforce the Military Lending Act.
Congress shouldn't allow service members to waive their SCRA rights by predatory lenders, says the author of this commentary.
By Rep. Jared Golden
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