On May 21, the CFPB and DOJ successfully filed a motion to dismiss with prejudice a case in the U.S. District Court for the Western District of Tennessee after noting the defendant paid its penalties. The dismissal ended a consent order following an unopposed motion from both the CFPB and DOJ. The CFPB and DOJ informed the court that the defendant had fully disbursed its $3,850,000 loan subsidy fund and paid a $5,000,000 civil money penalty — with $1,000,000 paid to the CFPB and $4,000,000 remitted to the OCC. The defendant was substantially in compliance with other monetary and injunctive terms of the consent order. Further, the CFPB noted the defendants did not oppose the motion to terminate the order and dismiss the case.

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