CFPB Distributes $384 Million to Victims of Think Finance Loan Scam

191,000 consumers across 17 states receive compensation for repaying loans they did not owe.

The Consumer Financial Protection Bureau (CFPB) allocated funds from its victims relief fund.
Illinois residents received $15 million, averaging $1,100 per check.
Think Finance was sued in 2017 for illegal loan collections and dissolved in 2019.
The CFPB has distributed $19 billion to defrauded consumers since 2010.
The Supreme Court's pending ruling on CFPB's funding mechanism could impact future enforcement actions.