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Violation Tracker Individual Record

Company: Future Income Payments, LLC
Penalty: $1,102,202
Year: 2018
Date: July 18, 2018
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: payday lending violation
Violation Description: Futures Income Payments, LLC and FIP were ordered to pay a $611,000 civil penalty and $291,202 refunds in an Order finding they made loans without a license, failed to provide disclosures, charged unauthorized fees, and charged interest rates above state imposed caps.
Level of Government: state
Action Type: agency action
Agency: Minnesota Department of Commerce
Civil or Criminal Case: civil
Facility State: Minnesota
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.