Pension Advance

  • pensionrights.org/resource/the-facts-about-pension-advances/
  •  - Book - Pension Advance Companies: Questionable Business Practices, Cassidy L. Waller (Editor)
    • Chapter 2 – Pension Advances: Not So Fast (pp. 61-64) - Federal Trade Commission
  • CFPB - I was offered a pension advance. What is this? What should I look out for?. The Consumer Financial Protection Bureau - [link]
  • FTC -
    • 2014 0701  - FTC - Press Release - FTC Warns Consumers About Pension Advance Plans - [link]
    • Pension Advances: Not So Fast, The Federal Trade Commission - <WishList>
  • GAO - 2014 - Pension Advance Transactions: Questionable Business Practices Identified, Government Accountability Office
  • SEC / FINRA - Pension or Settlement Income Streams—What You Need to Know Before Buying or Selling, Securities Exchange Commission and the Financial Industry Regulatory Authority - 4p
  • 2014 1013 - NAPA - Case of the Week: What’s a ‘Pension Advance’?, National Association of Plan Advisors, by John Carl - [link]
  • 2015 0824 - CFPB and New York Department of Financial Services Sue Pension Loan Companies for Deceptive Marketing - [link]
    • In a 24-page complaint filed in California District Court, the CFPB and NYDFS assert that California companies Pension Funding, LLC (PF) and Pension Income, LLC (PI), and their principals, offered products described as “tailored financing programs,” purporting to purchase, through lump sum payments, “eight years of future cash flow” from consumers’ pension payments, but which were in fact pension loans with exorbitant interest rates.
    • Charges for life insurance and other fees were also not disclosed.