The Department of Business Oversight (DBO) has been notified that an entity called “Lending America, Inc.” is falsely claiming to be licensed by DBO. Lending America is not a DBO-licensed lending company.Lending America, Inc,. also has been suspended by the Franchise... Read MoreRead more about Phony Lending Company License
DBO Announces Record $40 Million Settlement with Citi Subsidiary Banamex USA Resolves Allegations of Money Laundering Rule ViolationsDownload this press release (PDF)SACRAMENTO – The Department of Business Oversight (DBO) today announced Citigroup subsidiaryBanamex... Read MoreRead more about DBO Announces Record $40 Million Settlement with Citi Subsidiary Banamex USA
The Department of Business Oversight (DBO) has received reports of what appears to be an advanced fee scam. Several consumers reported receiving correspondence from Advance America/Cash Advance telling them they were approved for a loan. After accepting the loan... Read MoreRead more about Fraudulent Loan Fee Solicitation
The Department of Business Oversight (DBO) has been notified that a group called Leading Management Corp has been sending letters to people claiming an affiliation with Keep Your Home California (KYHC) and charging people for their services. KYHC has no relationship... Read MoreRead more about Fraudulent Claim of “Keep Your Home California” Affiliation
The Department of Business Oversight (DBO) has been notified that an entity claiming to be a collection agency has been calling members of the public attempting to collect on purported payday loan and other debts. Law enforcement and regulatory agencies in West... Read MoreRead more about Phony Debt Collection Scam