Franklin Loan Corporation (CFPB payments)
Checked October 14, 2026 against the official notice · Edited by Ferhat Abdullahoglu
This is a closed settlement from the CFPB against Franklin Loan Corporation regarding illegal bonuses for steering consumers into loans with higher interest rates. Payments and check reissue requests are no longer being honored.
Who qualifies
- Anywhere in the United States.
“The charges alleged Franklin gave its employees illegal bonuses for steering consumers into loans with higher interest rates.”From the court-approved notice
How to file
There's nothing to file: class members are paid automatically once the settlement is final.
Is this settlement legit?
Yes. It's a court-approved class action settlement (case 5:14-cv-02324-JGB), run by RUST Consulting. The official site is consumerfinance.gov. You never pay to file a claim. How to check a settlement notice.
Related settlements
ClaimWell summarizes the official notice so it's easier to read. It isn't legal advice; the official settlement site is the authority on who qualifies and what each claim pays.