Posted by: in World of Warcraft, tags: 1 Million, Catherine Cortez Masto, Collection Tactics, Consumers, Cortez, Debt Collection, Excerpt, Federal Trade Commission, Ftc Charges, International Internet, Loan Terms, Nevada Attorney General, Payday Lender, Random, State Of Nevada, United Kingdome
Random Feed wrote an interesting post today on
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Nevada Attorney General Catherine Cortez Masto and the Federal Trade Commission (FTC) have announced a settlement has been reached against an international Internet payday lending operation that failed to disclose key loan terms and used illegal debt collection tactics against consumers. The operation will pay $1 million to settle the State of Nevada and FTC charges for its misleading tactics. The defendants operated from the United Kingdome and targeted consumers in the United States, who w
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Posted by: in World of Warcraft, tags: Array, Collections, Compliant, Excerpt, Finance, Loan Terms, Online Lenders, Online Payday Lenders, Payday Loans, Random, Rotten Apples
Random Feed wrote an interesting post today on
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Court Orders Websites to Halt Payday Loans February 25, 2009 by Joe Finance In a not too surprising move, U.S District Court has ordered seven online payday lenders to cease offering payday loans. The move isn’t all that unexpected considering the array of laws broken by these lenders. Seems a few rotten apples are spoiling the barrel. The companies were not being compliant with many laws. Loan terms and rates were not disclosed properly. Abusive collections practices were implemented
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Random Feed wrote an interesting post today on
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It’s time the social nature of the internet was used to get better loan terms. Peer lending is here and needs to grow.
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Posted by: in World of Warcraft, tags: Assertions, British Columbia, Canadian Perspective, Excerpt, Loan Terms, Payday Loan, Payday Loans, Quick Loan, Quick Payday, Random
Random Feed wrote an interesting post today on
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Payday loan customers in British Columbia are educated, well off and well aware of loan terms. The data here counters assertions that these businesses exploit.
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Random Feed wrote an interesting post today on
Here’s a quick excerpt
FTC Charges Internet Payday Lenders with Failing to Disclose Key Loan Terms and Using Abusive and Deceptive Collection Tactics.
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