CFPB Gives $384 Million to Victims of Think Finance Scheme
Eleven years ago, Think Finance was named one of Forbes’ most promising companies. Now, the online lender is bankrupt, with the Consumer Finance Protection Bureau (CFPB) saying it defrauded hundreds of thousands of consumers. The bureau on Tuesday (May 14) announced it had distributed more than $384 million from its victims relief fund to about 191,000 consumers who, according to