CFPB Fines Payday Lender $10M For Commercial Collection Agency Techniques
CFPB Fines Payday Lender $10M For Commercial Collection Agency Techniques David Mertz Global Debt Registry Yesterday, the CFPB announced a permission decree with EZCORP , an Austin, Texas-based payday loan provider. The permission decree included $7.5 million in redress to customers, $3 million in fines, while the effective extinguishment of 130,000 payday advances. In of this year, EZCORP announced that they were exiting the consumer lending marketplace july. The permission decree alleged a true range UDAAP violations against EZCORP, including: Built in [...]
