{"id":5382,"date":"2020-11-05T08:00:00","date_gmt":"2020-11-05T13:00:00","guid":{"rendered":"http:\/\/hoorfarlaw.com\/blog\/?p=5382"},"modified":"2020-11-03T11:42:14","modified_gmt":"2020-11-03T16:42:14","slug":"cfpb-settles-with-smart-payment-plan-llc-for-deceptive-sales-practices","status":"publish","type":"post","link":"https:\/\/hoorfarlaw.com\/blog\/?p=5382","title":{"rendered":"CFPB Settles with SMART Payment Plan, LLC for Deceptive Sales Practices"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"alignright size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2017\/02\/child-support-4.jpg\" alt=\"\" class=\"wp-image-3331\" width=\"293\" height=\"194\" srcset=\"https:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2017\/02\/child-support-4.jpg 1001w, https:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2017\/02\/child-support-4-300x200.jpg 300w\" sizes=\"auto, (max-width: 293px) 100vw, 293px\" \/><\/figure><\/div>\n\n\n\n<p>The Consumer Financial Protection Bureau  issued a consent order against SMART Payment Plan, LLC, finding that the company\u2019s disclosures of its loan payment program contained misleading statements in violation of the Consumer Financial Protection Act of 2010\u2019s prohibition against deceptive acts or practices.  SMART operates a loan payment program for auto loans called the SMART Plan that deducts payments from consumers\u2019 bank accounts every two weeks and then forwards these payments every month to the consumers\u2019 lenders. The consent order imposes a judgment against SMART requiring it to pay $7,500,000 in consumer redress and requirements to prevent future violations.\u00a0\u00a0<\/p>\n\n\n\n<p>In a tight spot financially? Contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Consumer Financial Protection Bureau issued a consent order against SMART Payment Plan, LLC, finding that the company\u2019s disclosures of its loan payment program contained misleading statements in violation of the Consumer Financial Protection Act of 2010\u2019s prohibition against deceptive &hellip; <a href=\"https:\/\/hoorfarlaw.com\/blog\/?p=5382\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[267],"class_list":["post-5382","post","type-post","status-publish","format-standard","hentry","category-general","tag-attorney"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5382"}],"version-history":[{"count":1,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5382\/revisions"}],"predecessor-version":[{"id":5383,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5382\/revisions\/5383"}],"wp:attachment":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}