PayDay Loan

FTC Ends $7M Payday Loan Scam

FTC Ends $7M Payday Loan Scam
FTC Ends $7M Payday Loan Scam
December 01, 2016  |  Cybersecurity

The Federal Trade Commission shut down a data broker operation that allegedly cheated consumers out of $7.1 million. The scheme is accused of collecting sensitive...

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Payday Lending’s Long, Strange Trip Through 2016
Payday Lending’s Long, Strange Trip Through 2016
November 29, 2016  |  Alternative Credit

Short-term lending was the star of a melodrama that managed to last the entire year as the ecosystem prepared for — then reacted to —...

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FTC Halts Payday Loan Debt Scheme
FTC Halts Payday Loan Debt Scheme
March 31, 2016  |  Cybersecurity

The Federal Trade Commission said Wednesday (March 30) that it requested, along with the Illinois attorney general, and was granted, a request from a federal court to halt...

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CFPB Pushes For Small Banks And Credit Unions To Push Payday Lenders Out Of The Market
CFPB Pushes For Small Banks And Credit Unions To Push Payday Lenders Out Of The...
February 10, 2016  |  Legal & Regulation

The CFPB is not overly fond of payday lenders — a category of financial services that, in fairness, almost no one really likes because there is...

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