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Violation Tracker Individual Record

Company: Elevate Credit, Inc.
Penalty: $4,050,000
Year: 2022
Date: February 8, 2022
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Elevate Credit, Inc. agreed to pay at least $3.3 million in refunds to over 2,500 District consumers who were misleadingly marketed high-cost loans and lines of credit, waive over $300,000 in interest owed by those consumers, and pay $450,000 to the District. The company will also be required to stop charging rates above the District's legal cap of 24% and to cease deceptive and misleading business practices.
Level of Government: state
Action Type: agency action
Agency: District of Columbia Attorney General
Civil or Criminal Case: civil
Facility State: District of Columbia
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.