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Violation Tracker Individual Record

Company: Merchant Factors Corp.
Penalty: $302,000
Year: 2015
Date: June 8, 2015
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Merchant Factors Corp. agreed to pay $159,000 in refunds of interest charges above legal rates, and $143,000 penalties, in settlement of allegations it acted as a finance lender without a license.
Level of Government: state
Action Type: agency action
Agency: California Department of Financial Protection and Innovation
Civil or Criminal Case: civil
Facility State: California
Facility City: Los Angeles
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.