Payday Lending | Federal Trade Commission
This video shows what happens when someone gets a payday loan but can't pay it back right away. The Federal Trade Commission deals with issues that touch ...
FTC wins $54M in payday loan settlements
Consumers recently affected by fraudulent payday loan schemes are about to get their money back. According to USA Today, the FTC won $54 million in ...
Federal Trade Commission Vs Payday Loans
A small personal loan can be a quick, convenient option to pay an immediate expense, like a medical bill or car repair, if you don’t have emergency savings or other means to cover the expense.
With personal loans, funding is distributed in a lump-sum payment. When you receive your loan, you’ll receive the entire amount at once and begin paying it back in monthly installments.
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Payday loans can be very appealing to those in a desperate situation, but they’re rarely the solution to anyone’s financial woes. There’s always an alternative to payday loans.
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The Federal Trade Commission announced this week it is suing a consumer data broker that sold payday loan application data to scammers who used the information to pull money out of consumer bank ...
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During Ally Financial’s earnings announcement today (transcript here), CFO Chris Halmy revealed that the FDIC has given permission for the bank to start using FDIC insured deposits for auto loans with credit scores as low as 620.Previously, Ally could only use deposits for loans to borrowers with 650 or higher credit scores.
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