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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 ...

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 Settlement Payday Loans

News:

Payday Lending | Federal Trade Commission

In recent years, the availability of payday loans via the Internet has markedly increased. Unfortunately, some payday lending operations have employed deception and other illegal conduct to take advantage of financially distressed consumers seeking these loans. The FTC enforces a variety of laws to protect consumers in this area.

FTC announces $54M in payday loan settlements - USA TODAY

FTC announces $54M in payday loan settlements The operators of a payday lending scheme that allegedly bilked millions of dollars from consumers have agreed to more than $54 million in tentative ...

FTC, DOJ Mailing Refund For Payday Lending Scam | PYMNTS.com

The FTC and DOJ are jointly using the funds to provide refunds for consumers who took out loans before January 2013 from several loan portfolios serviced by AMG Services: 500FastCash, Advantage ...

FTC Secures $4.4 Million From Online Payday Lenders to ...

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. and SFS Inc., have each paid $2.2 million and collectively waived $68 million in fees to consumers that were not collected.

Consumer Catch-up: Payday loan changes, FTC Uber ...

Changes to payday loans could make things more difficult for consumers, plus the FTC settles with Uber over privacy concerns.

FTC Reaches Its Largest-Ever Payday Lending Settlement ...

The Federal Trade Commission announced its largest-ever payday lending settlement on Friday, as two companies agreed to pay $21 million and waive another $285 million in charges that were never collected from customers.

Payday loan victims bilked by former racecar driver to ...

More than a million victims of an online payday lender called AMG Services will get refunds totaling $505 million, the Federal Trade Commission said Thursday, the largest litigated settlement in ...

FTC Announces Settlement with Online Payday Lenders ...

The settlement, which the FTC is calling its largest recovery in a payday lending case, requires the lenders to pay a $21 million judgment and waive approximately $285 million in charges that were assessed but not collected.

Feds returning $505M in Scott Tucker payday loan scam ...

The Justice Department and Federal Trade Commission are refunding $505 million to consumers duped by KC payday loan mogul Scott Tucker’s illegal businesses.

FTC sends $505M to Scott Tucker's payday lending victims ...

Checks go out to almost 1.2 million people who took out payday loans from businesses in Scott Tucker's payday lending empire. It's the largest refund redress program in the FTC's history.