United States v. Conn Credit I, LP (S.D. Tex.)

On January 29, 2021, the court entered a proposed consent order in United States v. Conn Credit I, LP (S.D. Tex.).  The complaint, which was filed on  September 15, 2020, alleges that the defendants engaged in a pattern or practice of violating the Servicemembers Civil Relief Act (SCRA) by failing to lower the interest rate on consumer retail installment contracts to 6% for at least 184 SCRA-protected servicemembers. The consent order requires Conn Credit to refund all overcharged interest and pay an additional $500 to each servicemember and to pay $50,000 as a civil penalty.  The consent order has a term of three years and requires Conn Credit to hire an independent consultant to identify all affected servicemembers.

Press Release (9/15/20)