BUREAU OF CONSUMER FINANCIAL PROTECTION FILES SUIT AGAINST FUTURE INCOME PAYMENTS LLC, SCOTT KOHN, AND RELATED ENTITIES Companies Engaged In Making Loans Against Future Pension Payments
WASHINGTON, D.C. — The Bureau of Consumer Financial Protection (BCFP) has filed a complaint against Future Income Payments, LLC (FIP), Scott Kohn, and the following related entities: FIP, LLC; BuySellAnnuity Inc.; Cash Flow Investment Partners LLC; Pension Advance LLC; Cash Flow Investment Partners East LLC; Cash Flow Investment Partners MidEast LLC; Lumpsum Pension Advance Atlantic LLC; Lumpsum Pension Advance Southeast LLC; Lumpsum Settlement West LLC; PAS California, LLC; PAS Great Lakes, LLC; PAS Northeast LLC; PAS Southwest LLC; Pension Advance Carolinas LLC; Pension Advance Midwest LLC; and Pension Loans South LLC.
The lawsuit, filed in federal district court in the Central District of California, alleges that the defendants violated the Consumer Financial Protection Act of 2010, 12 U.S.C. § 5536(a)(1)(B), by representing to consumers that their pension-advance products were not loans, were not subject to interest rates, and were comparable in cost to, or cheaper than, credit card debt when, in actuality, the pension-advance products were loans, and were subject to interest rates that were substantially higher than credit card interest rates. The Bureau also alleges that the defendants violated the Truth in Lending Act (TILA), 15 U.S.C. § 1638(a)-(b), by failing to disclose a measure of the cost of credit, expressed as a yearly rate.
FIP is headquartered in Irvine, California, and does business throughout the United States.
The Bureau of Consumer Financial Protection is a 21st century agency that helps consumer finance markets work by regularly identifying and addressing outdated, unnecessary, or unduly burdensome regulations, by making rules more effective, by consistently enforcing federal consumer financial law, and by empowering consumers to take more control over their economic lives. For more information, visit consumerfinance.gov.
Plasencia Cigars to Participate at the First-Ever Beer and Cigar Event at the Great American Beer Festival
The TANK Brewing Co. and Cigar City Brewing join forces to host Great American Beer Festival after-party, Suds & Stogies
WHAT: The Great American Beer Festival (GABF) brings together thousands of beer enthusiasts and brewers to enjoy the largest selection of American beer ever served, which will include fan favorites including TANK’s finest selections like La Playita, La Finca Miami (a gold medal winner at the World Beer Cup), Oktoberfest-Märzen and more.
After the public tasting at GABF, the TANK in a joint effort with
Cigar City Brewing will continue the celebration with a Suds & Stogies after-party, the first-ever beer and cigar event at GABF, at Tap Fourteen’s rooftop beer garden. The homegrown Florida brewers have partnered to share Florida’s best craft brews with festival-goers, cigar enthusiasts, friends and anyone who wants to have fun with a quality beer and cigar in hand. Throughout the event, guest will be able to enjoy Plasencia Cigars’ Reserva Original, along with other top cigars in the industry.
Guests will be able to enjoy live music and killer views of the
Denver skyline, all while sipping on the best brews on tap and savoring top-of-the-line food from expert chef Josh Bonazza.
For $25, ticket holders will receive:
One (1) cigar from Plasencia Cigars
One (1) cigar from Altadis USA
One (1) cigar from Rocky Patel
One (1) cigar from Plasencia Cigars
One (1) cigar from General Cigars
Two (2) beers from The TANK Brewing Co.
Two (2) beers from Cigar City Brewing
Smoker Friendly cigars will be available for purchase onsite.
Plasencia Cigars is one of the world’s leading growers of first-class tobacco. The Plasencia family have been pioneering the industry since 1865 when Don Eduardo Plasencia began growing tobacco in Cuba, and five generations of the Plasencia family have continued the legacy. Today, Plasencia Cigars produces more than 35 million handmade cigars per year, and harvests tobacco on more than 3,000 acres across several countries in Central America, including Nicaragua, Honduras, Costa Rica and Panama.
About The Tank Brewing Company
Founded by Carlos Padron with brewers Matt Weintraub and Moh Saade, Miami-based The Tank Brewing Company embodies a homegrown passion for brewing honest, expertly-crafted artisanal beer using only the finest ingredients from mash to tap; from the purity of the water to the extensive care that is taken in curating ingredients. Every drop, every step of the process, and every detail are tended to with pure love of beer in mind —which can be tasted in every sip. The Tank’s popular core beers La Finca Miami, Freedom Tower Amber and El Farito IPA were all inspired by the brewers’ love for their hometown, Miami.
About Cigar City Brewing
Cigar City Brewing, makers of Jai Alai and Hunahpu’s Imperial Stout, was founded in 2009 by Joey Redner with the goal of creating quality beer that reflected the flavors and history of the Tampa region. This unique perspective resonated with the local and national markets alike, and the brewery has quickly grown from 1,000 barrels of beer in 2009 to over 65,000 barrels produced in 2016. The 2016 partnership with Oskar Blues of Lyons, Colorado ushered in a new era of growth for this Florida-based organization with new markets and technologies on the horizon.
Come enjoy great cigars with industry celebs, Nish Patel, Nestor Miranda, Matt Booth, Erik Espinosa and Clay Roberts at a special outdoor cigar party. There’ll be dinner, whiskey, wine, music, swag, and plenty of premium cigars.
$109 general admission includes barbecue dinner, Westland Distillery American scotch flight, wine and 17 premium cigars.
$289 VIP admission includes all of the above plus two 10-count boxes of exclusive premium cigars, five additional premium cigars, and early entry at 6:30pm.
Continue the festivities in Legends of Fire on Saturday at 11am. $45 includes brunch, a three-pack of cigars, and Peated Bloody Marys enjoyed in the company of our cigar celebrities. Visit Legends of Fire or call 509.481.2093 for Saturday Cigar Brunch reservations.