The CFPB Finds Payday and Deposit Advance Loans Can Trap Consumers in Debt

The CFPB Finds Payday and Deposit Advance Loans Can Trap Consumers in Debt Sustained Use of Loans Raises Consumer Protection Concerns WASHINGTON, D.C. —Today, the buyer Financial Protection Bureau (CFPB) issued a study on payday and deposit advance loans discovering that for several customers these items result in a period of indebtedness. Free lending standards, […]

FTC Halts Deceptive Payday Lender That Took Millions From Consumers’ Accounts Without Authorization

FTC Halts Deceptive Payday Lender That Took Millions From Consumers’ Accounts Without Authorization Defendants received duplicated charges that are interest-only making customers to pay for significantly more than guaranteed The Federal Trade Commission has charged a lending that is payday with deceptively overcharging customers millions of dollars and withdrawing money over and over repeatedly from […]