21 Feb Payday loan providers settle just in case alleging online phony loan scam Hilton Head Island Packet
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Payday loan providers settle in the event alleging online phony loan scam
A payday that is huge procedure based in Kansas City, Mo., will likely be prohibited from providing any longer loans under a $54 million settlement established by federal regulators Tuesday.
The Federal Trade Commission accused 14 businesses owned by two Johnson County males, Timothy A Coppinger and Frampton T. Rowland III, of employing data that are online remove loans for folks without their authorization.
The businesses — including CWB solutions LLC, Anasazi Group LLC and Sandpoint Capital LLC targeted borrowers that has gone online to research short-term pay day loans, which are usually small-dollar loans paid back in two-week increments.