Категория: Cash One Payday Loans

CFPB Techniques Against Cash Advance Industry, Orders ACE Cash Express To Pay For $10 Million

20.01.2020 at 11:55 пп Рубрика:Cash One Payday Loans

CFPB Techniques Against Cash Advance Industry, Orders ACE Cash Express To Pay For $10 Million

The financial institution, ACE Cash Express, «used false threats, intimidation, and harassing phone telephone telephone calls to bully payday borrowers into a period of debt,” said CFPB Director Richard Cordray. “This tradition of coercion drained millions of dollars from cash-strapped customers that has few choices to fight.»

As an example, the CFPB claims customers encountered the risk of extra costs, being reported to credit rating agencies and unlawful prosecution if they did not make re re re payments. Далее…