American Loans - Hampton Roads Messenger

CFPB Sues Installment Lending Conglomerate for Illegally Churning Loans to Harvest Hundreds of Millions in Loan Costs and Fees

August 22, 2023August 22, 2023 HRM Staff American Loans, Consumer Financial Protection Bureau, consumers, financial lenders, Group Holdings Corporation, Heights Finance Holding Company, Lawsuit, loans, Southern Management Corporation, Student Loan, United States debt

A CURO Group Holdings Company, Heights Finance, formerly known as Southern Management Corporation, induced struggling customers into a fee-harvesting and