The Consumer Financial Protection Bureau on Friday said Moneytree Inc. mislead consumers about the price of its check-cashing services, falsely threatened to repossess vehicles and withdrew funds from consumers' accounts without authorization.

Moneytree, a Seattle payday lender and check-casher, said in a press release that the allegations came from "unintended and isolated process errors" at the company, two of which were identified and self-corrected and a third was identified by a customer and corrected. The company agreed under a consent order to pay $255,000 in refunds to consumers and a civil money penalty of $250,000.

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