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The loan documents misstated the loan’s finance charge, annual percentage rate, payment schedule, and total number of payments, while burying the loans’ true costs in fine print. The federal trade commission is mailing 72,836 checks totaling more than $2.9 million to people who lost money to an alleged scheme that trapped them into payday loans they never authorized. 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. The federal trade commission, through its refund administrator, is mailing 690,000 checks totaling more than $152 million to consumers who lost money to a massive payday. The owners and operators of a vast payday lending scheme that overcharged consumers millions of dollars will be permanently banned from the lending industry under the.
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.
The federal trade commission has charged a payday lending enterprise with deceptively overcharging consumers millions of dollars and withdrawing money repeatedly from. For consumers who took out loans with online payday lender amg, the company’s illegal tactics left many of them saying omg But finally there’s good news for amg customers.
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