CFPB consumer payment · Open
DriverLoan deposit product CFPB redress
The CFPB found that DriverLoan misrepresented the risk of the deposit product it sold and the annual percentage rates on the credit it extended. Consumers who put money in with DriverLoan between June 2020 and June 2021 may be eligible for a payment, and checks began going out in early 2025. There is no claim form to complete, but the administrator can only pay people it can reach, so anyone whose mailing address has changed is asked to file an address form on the official administrator site. Amounts are estimates, and neither that form nor anything else in this process costs money.
There is no claim form for this one. The administrator pays consumers it has already identified, so the useful step is to make sure they can reach you — not to file anything. Anyone offering to file it for you, for a fee, is selling you nothing.
Facts from the official materials
- Status
- Open
- Type
- CFPB consumer payment
- Category
- Banking and finance
- Defendant / company
- DriverLoan, LLC and Angelo Jose Sarjeant
- Administrator
- Epiq Systems (CFPB third-party administrator)
- Claim deadline
- See official notice
- Eligibility period
- June 1, 2020 – June 1, 2021
- States
- See official notice (often nationwide)
- Proof
- No claim to file — payments are sent automatically
- Possible amount
- Varies — paid automatically, no claim form
- Source confidence
- high
- Last verified
- September 6, 2026
Covered products and services
- DriverLoan deposit product
CFPB v. DriverLoan, LLC and Angelo Jose Sarjeant
There is no claim to file, but the administrator can only pay people it can reach. The CFPB's page directs anyone whose mailing address has changed to submit an address form on the administrator's site at cfpb-driverloan.org. Amounts are estimates set from deposit records, and neither the address form nor anything else in the process costs money.
Eligibility questions
These questions help you decide whether to read the official notice. They are not a legal determination.
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