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- Payday Lending - Federal Trade Commission
Many consumers who need cash quickly turn to payday loans – short-term, high interest loans that are generally due on the consumer’s next payday after the loan is taken out
- payday lending | Federal Trade Commission
The owners of a debt relief operation that targeted consumers with outstanding payday loans will be banned from the debt relief business under settlements with the Federal Trade Commission In
- AMG Services Refunds - Federal Trade Commission
The FTC and the Department of Justice (DOJ) are mailing a second round of checks to more than 690,000 people who were overcharged for online payday loans The FTC and DOJ brought civil and criminal lawsuits against Scott Tucker, AMG Services, and other related defendants for making false loan disclosures that did not accurately describe the true cost of their payday loans The defendants told
- FTC Halts Deceptive Payday Lender That Took Millions From Consumers . . .
The Federal Trade Commission has charged a payday lending enterprise with deceptively overcharging consumers millions of dollars and withdrawing money repeatedly from consumers’ bank accounts without their permission
- Payday Lenders That Used Tribal Affiliation to Illegally Garnish Wages . . .
A South Dakota-based payday lending operation and its owner will pay $967,740 to the U S Treasury as part of a settlement resolving FTC charges that they used unfair and deceptive tactics to collect on payday loans and forced debt-burdened consumers to travel to South Dakota and appear before a tribal court that did not have jurisdiction over their cases
- FTC Action Halts Payday Loan Scheme That Bilked Tens of Millions From . . .
At the Federal Trade Commission’s request, a U S district court in Missouri has temporarily halted an online payday lending scheme that allegedly bilked consumers out of tens of millions of dollars by trapping them into loans they never authorized and then using the supposed “loans” as a pretext to take money from their bank accounts The court imposed a temporary restraining order that
- FTC Secures $4. 4 Million From Online Payday Lenders to Settle Deception . . .
Two payday lenders have settled Federal Trade Commission charges that they illegally charged consumers across the country undisclosed and inflated fees The two companies, Red Cedar Services Inc
- FTC Acts to Ban Payday Lender From Industry, Forgive Illegal Debt
The owners and operators of a vast payday lending scheme that overcharged consumers millions of dollars will be permanently banned from the lending industry under the
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