Texas AG Recovers Millions for Seniors Scammed in Fraudulent Loan Scheme
· Texas Border Business
Texas Attorney General Ken Paxton has reached a multistate settlement with GreenSky Holdings, LLC, securing $10 million for consumer restitution and penalties. This follows an investigation revealing deceptive practices targeting seniors and disabled Texans. Complaints included unauthorized loans, misrepresentation of terms, and pressure tactics on vulnerable individuals. GreenSky, which facilitates home improvement loans, has been held accountable for exploiting consumers, particularly the elderly. The settlement includes measures to prevent future misconduct, such as enhanced protections for seniors and annual compliance reports to the Attorney General's office.
AI summary · Source: Texas Border Business →
