Category Archives: payday loans no brokers

$19M in fines/refunds for payday firm

Richard Cordray, manager of this customer Financial Protection Bureau, testifies at a Nov. 2013 Senate banking committee hearing. (Picture: Profit McNamee, Getty Graphics The United States)

Tale Shows

  • About 14,000 Ohio customers to obtain refunds
  • A lot more than 300 active-duty service users additionally receive repayments
  • Payday loan provider to cover $5 million fine for failing continually to protect documents

Money America Overseas, an important owner of U.S. pawn stores and cash advance shops, has agreed pay $19 million in customer refunds and fines for robo-signing papers found in business collection agencies, issuing improperly high loans to army users and destroying documents looked for by a federal regulator. Continue reading