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Civil Litigation,
Government,
Administrative/Regulatory

Sep. 14, 2018

Consumer protection bureau sues pension lender

The Consumer Financial Protection Bureau sued Future Income Payments LLC Thursday, alleging the Irvine-based pension lender engaged in deceptive acts after luring senior citizens, disabled military veterans, and their spouses in need of immediate cash.

The Consumer Financial Protection Bureau sued Future Income Payments LLC Thursday, alleging the Irvine-based pension lender engaged in deceptive acts after luring senior citizens, disabled military veterans, and their spouses in need of immediate cash.

The self-proclaimed "largest pension cash flow originator with over $150 million in completed transactions" allegedly charged consumers rates upwards of 183 percent, far in excess of...

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