CFPB brings the axe down on payday loan provider Moneytree for misleading customers The customer Financial Protection Bureau has entered right into a permission purchase and stipulation with Moneytree, Inc., a monetary solutions business that provides pay day loans and check-cashing services, for misleading consumers with deceptive on line advertisements and collections letters. In line with the bureau, the organization also made unauthorized electronic transfers from consumers’ bank accounts. The CFPB has purchased the business to stop its conduct that is illegal $255,000 in refunds to customers, and spend a civil penalty of $250,000. “customers deserve sincerity and transparency through the institutions that are financial count on,” stated CFPB Director… Read More
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