U.S. watchdog hits Atlanta’s GreenSky over thousands of suspect loans
By Matt Kempner, The Atlanta Journal-Constitution Troy Warren for CNT CFPB consent order targets $9M in consumer loans, fines company $2.5M A federal watchdog agency has ordered an Atlanta-based financial technology company to pay a $2.5 million civil penalty and refund money to consumers after enabling contractors and other merchants to take out loans on behalf of thousands of consumers who didn’t authorize them. The Consumer Financial Protection Bureau issued a consent order requiring the company, GreenSky, to refund or cancel up to $9 million in loans for customers “harmed by its illegal conduct.” It also ordered the company to implement…