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Federal Trade Commission Returns More Than $970,000 To Consumers Harmed by Deceptive Payday Lending Operation (June 14, 2022 ) Federal Trade Commission Sends out Second Round of Redress Checks in Payday Lending Scheme Operated by AMG Services (May 19, 2022 ) Payment Processor that Helped Bogus Discount Clubs Bilk Consumers Will Pay $2.3 Million ...
Media Contact. Jay Mayfield. Office of Public Affairs. 202-326-2656. 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 terms of a settlem.
The Federal Trade Commission, working jointly with the U.S. Department of Justice, is mailing 1,179,803 refund checks totaling more than $505 million to people who were deceived by a massive payday lending scheme operated by AMG Services, Inc. and Scott A. Tucker.
Use this tool to confirm that your AMG refund check is from the FTC. If you have questions about your check, call 1-866-730-8147. 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 and criminal lawsuits against ...
The FTC is sending a second round of payments to eligible people who were harmed by a deceptive payday lending scheme that operated under the names Harvest Moon Financial, Gentle Breeze Online, and Green Stream Lending. According to the FTC, the defendants told borrowers that their payday loans would be repaid after a fixed number of payments ...
“Harvest Moon bled consumers dry, by promising a single payment payday loan, but then automatically debiting consumers’ bank accounts for finance charges every two weeks, in perpetuity,” said Andrew Smith, Director of the FTC’s Bureau of Consumer Protection.
The Federal Trade Commission has obtained a $4.1 million judgment and a ban on handling certain sensitive financial information about consumer debts against an operation that sold lists of fake payday loan debts to debt collectors. A federal court issued a default judgment granting what the FTC sought in a complaint filed in 2016. The complaint ...
For consumers who took out loans with online payday lender AMG, the company’s illegal tactics left many of them saying OMG. $505 million back for payday loan customers – and two messages for business | Federal Trade Commission
A company that provides management services to more than 300 payday loan and check cashing stores, and an affiliated company that owns and operates several stores, will pay $101,500 to settle Federal Trade Commission charges that they violated federal law by allowing sensitive consumer information to be tossed into trash dumpsters.
ITMedia sold consumers’ information to a group of companies that were sued by the FTC last year for marketing payday loan products that overcharged consumers by tens of millions of dollars. The complaint notes that the harm to consumers from ITMedia’s “indiscriminate” selling of consumer data was substantial, putting them at risk for ...