RICHMOND, Va. (Legal Newsline) – A federal agency alleges a Fredericksburg, Virginia, corporation failed to disclose certain terms on its contracts.
The Consumer Financial Protection Bureau filed a complaint on Nov. 3 in the U.S. District Court for the Middle District of Virginia, Richmond Division, against B&B Pawnbrokers Inc. citing the Truth in Lending Act.
According to the complaint, the plaintiff alleges that B&B Pawnbrokers Inc. allegedly reported inaccurate annual percentage rate regarding its contracts and that its loan contracts do not include a description of the terms annual percentage rate and finance charge. It alleges this violates the TILA.
The plaintiff seeks to enjoin the defendant, restitution, damages, disgorgement, all legal fees and any other relief as the court deems just. It is represented by Kara K. Miller of Consumer Financial Protection Bureau in Washington, D.C., and Donald R. Gordon of Consumer Financial Protection Bureau in New York.
U.S. District Court for the Middle District of Virginia, Richmond Division Case number 3:16-cv-00887-JAG