UNITED STATES OF AMERICA CONSUMER FINANCIAL PROTECTION BUREAU ADMINISTRATIVE PROCEEDING File No. 2014-CFPB- In the Matter of: USA Discounters, Ltd. STIPULATION AND CONSENT TO THE ISSUANCE OF A CONSENT ORDER The Consumer Financial Protection Bureau (Bureau) intends to initiate an administrative proceeding against USA Discounters, Ltd. (Respondent), under 12 U.S.C. §§ 5563 and 5565, for practices relating to the extension of credit in violation of the Consumer Financial Protection Act of 2010 (CFPA), 12 U.S.C. §§ 5531, 5536. Respondent, in the interest of compliance and resolution ofthe matter, and v.rithout admitting or denying any wrongdoing, consents to the issuance of a Consent Order substantially in the form of the one to which this Stipulation and Consent to the Issuance of a Consent Order is attached (Consent Order), and which is incorporated by reference. In consideration of the above premises, Respondent agrees to the follov.ring: Jurisdiction 1. The Bureau has jurisdiction over this matter under Sections 1053 and 1055 of the Consumer Financial Protection Act (CFPA), 12 U.S.C. §§ 5563, 5565. Consent 2. Respondent agrees to the issuance of the Consent Order, without admitting or denying any of the findings of fact or conclusions of lav.', except that Respondent 2014-CFPB-0011 Document 2 Filed 08/14/2014 Page 1 of 4
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2014-CFPB-0011 Document 2 Filed 08/14/2014 Page 1 of 4 0011
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UNITED STATES OF AMERICA CONSUMER FINANCIAL PROTECTION BUREAU
ADMINISTRATIVE PROCEEDING File No. 2014-CFPB-
In the Matter of:
USA Discounters, Ltd.
STIPULATION AND CONSENT TO THE ISSUANCE OF A CONSENT ORDER
The Consumer Financial Protection Bureau (Bureau) intends to initiate an
administrative proceeding against USA Discounters, Ltd. (Respondent), under 12 U.S.C.
§§ 5563 and 5565, for practices relating to the extension of credit in violation of the