Heights Finance was charged over a loan-churning scheme that aggressively pushed borrowers to refinance. The government’s consumer watchdog group is suing high-cost installment lender Heights Finance Holding and its subsidiaries for illegal loan-churning practices that collected hundreds of millions of dollars in loan costs and fees from struggling borrowers.In a complaint filed in a South Carolina district court, the Consumer Financial Protection Bureau (CFPB) alleges that Heights Finance ident
The Consumer Financial Protection Bureau said it s filing a complaint against the Greenville company that operates Southern Finance and Quick Credit storefronts.
The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Heights Finance Holding, formerly known as Southern Management, and several of its…