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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
FTC Takes Action Against Online Cash Advance App Dave for Deceiving . . . “Whether the products are called cash advances, payday loans, or something else, the FTC will take action to protect consumers from unauthorized charges and deceptive claims ” Dave’s advertising is dominated by claims that consumers can receive “up to $500” by using Dave, and that they can do so “instantly ”
payday lending | Federal Trade Commission The Federal Trade Commission is mailing checks to consumers who lost money to a scam that promised to help consumers get payday loans, then debited their bank accounts instead, in increments of $30
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
Federal Trade Commission Returns More Than $970,000 To Consumers Harmed . . . The Federal Trade Commission is sending 26,698 checks totaling more than $970,000 to consumers who were harmed by a deceptive payday lending scheme that operated under the names Harvest Moon Financial, Gentle Breeze Online, and Green Stream Lending Consumers who receive checks should cash them within 90 days, as indicated on the check
Brigit Refunds - Federal Trade Commission Starting on November 18, 2024, the FTC will send 1,818,930 PayPal payments totaling more than $17 million to people who paid Brigit for instant cash advances Brigit falsely promised quick cash advances of up to $250 to people who paid a monthly subscription fee The company also advertised that customers could cancel anytime, but that wasn’t true The FTC sued Brigit, alleging that the
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