CFPB consumer payment · Open
Hydra Group unauthorized payday loan CFPB redress
The CFPB alleged that the Hydra Group bought people's bank details from data brokers, deposited payday loans they had never agreed to, and then debited biweekly finance charges indefinitely. The Bureau began mailing checks in December 2020 and still lists this distribution as ongoing. If unauthorized loans or repeated finance charges from these lenders hit your account, you may be eligible, and there is no claim form to file. Amounts are estimates limited by what the defendants could actually pay, and the administrator charges nothing.
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
- Hydra Financial Limited Fund and related SSM Group entities
- Administrator
- Epiq Systems (CFPB third-party administrator)
- Claim deadline
- See official notice
- 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
- medium
- Last verified
- September 6, 2026
Covered products and services
- Online payday loans
CFPB v. Hydra Group · U.S. District Court, Western District of Missouri
The settlements forfeited roughly $14 million in assets, with a much larger redress judgment suspended because the defendants could not pay it. Payments therefore reflect the recovered funds rather than the headline judgment, and each amount is an estimate set by the administrator. Nothing is filed and nothing is charged.
Eligibility questions
These questions help you decide whether to read the official notice. They are not a legal determination.
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