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Enova reaches agreement with CFPB

  • Enova International (NYSE:ENVA +1.8%) has reached an agreement with the Consumer Financial Protection Bureau ("CFPB") addressing payment processing issues.
  • The consent order between Enova and the CFPB covers two payment processing issues that, combined, impacted less than 0.2% of total payments processed by Enova during the period in which the errors occurred.
  • The CFPB has determined that no customer restitution is required, Enova has agreed to a $3.2M civil money penalty.

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Enova International, Inc.