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Press Release

Court Rules in Favor of FTC; Orders Defendants in Payday Lending Case to Pay More Than $294,000 for Illegal Garnishment of Consumers' Paychecks

Date

December 19, 2011

At the request of the Federal Trade Commission, a federal court has ordered one of the individuals behind a payday lending scheme and two companies he controlled to pay $294,536 for illegally trying...

Press Release

FTC Charges Marketers with Tricking People Who Applied for Payday Loans; Used Bank Account Information to Charge Consumers for Unwanted Programs

Date

August 1, 2011

At the request of the Federal Trade Commission, a federal court has halted an online operation that allegedly debited consumers’ bank accounts without their consent when consumers visited the...

Press Release

FTC Action Leads to $4.8 Million Judgment Against Deceptive Marketer; Company Tricked Payday Loan Applicants into Buying Prepaid Debit Cards

Date

July 21, 2011

At the request of the Federal Trade Commission, a federal court has ordered Swish Marketing, Inc. to pay more than $4.8 million for tricking hundreds of thousands of payday loan applicants into paying...

Press Release

Consumer Reporting Agency to Pay $1.8 Million for Fair Credit Reporting Act Violations

Date

June 27, 2011

Teletrack, Inc. has agreed to pay $1.8 million to settle Federal Trade Commission charges that it sold credit reports to marketers, in violation of the Fair Credit Reporting Act (FCRA). This...

Press Release

Loan Pitchman Permanently Banned from Telemarketing

Date

March 26, 2010

The telemarketing business will be permanently off limits to a deceptive pitchman whom the Federal Trade Commission sued last year for allegedly tricking consumers into paying hundreds of dollars for...

Press Release

Internet Payday Lenders Will Pay $1 Million to Settle FTC and Nevada Charges; FTC Had Challenged Defendants' Illegal Lending and Collection Tactics

Date

September 21, 2009

An international Internet payday lending operation will pay $1 million to settle Federal Trade Commission and State of Nevada charges that it failed to disclose key loan terms and used unlawful debt...

Press Release

FTC Settlement Bars Deceptive Online Marketing Tactics; Payday Loan Applicants Were Charged for Unwanted Debit Cards

Date

August 20, 2009

A debit card company that charged consumers a fee for a debit card they had ordered unknowingly while applying for a payday loan online, has agreed to settle Federal Trade Commission charges that the...

Press Release

Commission Approves Final Consent Order in the Matter of We Give Loans, Inc.; FTC Approves Final Consent Order in the Matter of American Advance.com

Date

September 5, 2008

Commission approval of final consent orders – Following a public comment period, the Commission has approved the issuance of a final consent order in the matter concerning We Give Loans, Inc., as well...

Press Release

FTC Approves Final Consent Order in Matters of CashPro, American Cash Market, Inc., and Anderson Payday Loans

Date

June 6, 2008

Commission approval of final consent orders – Following a public comment period, the Commission has approved the issuance of final consent orders in the matters of CashPro d/b/a MakePaydayToday.com...

Testimony

Prepared Statement of the Federal Trade Commission On Consumer Protection In Financial Services: Subprime Lending and Other Financial Services

Date

February 28, 2008

Lydia B. Parnes, Former Director, Bureau of Consumer Protection

Testimony (155.13 KB)

Press Release

FTC Releases Staff Comments Supporting the Defense Departments Proposal to Protect Military Consumers from Predatory Lending Practices

Date

June 14, 2007

The Federal Trade Commission today released staff comments to the Department of Defense on its proposed regulation implementing limitations on terms of credit extended to service members and...

Press Release

Las Vegas Firm Settles FTC Charges It Misled Consumers Through Credit Line and Cash Advance Offers

Date

September 6, 2000

The Federal Trade Commission today announced two proposed agreements settling charges that Consumer Money Markets, Inc. (CMM), Continental Direct Services, Inc. (CDS) and several individuals and firms...

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Payday Lending

Many consumers who need cash quickly turn to payday loans – short-term, high interest loans that are generally due on the consumer’s next payday after the loan is taken out. The annual percentage rate...

Displaying 41 - 53 of 53

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Tag: payday lending

Refine your results

Court Rules in Favor of FTC; Orders Defendants in Payday Lending Case to Pay More Than $294,000 for Illegal Garnishment of Consumers' Paychecks

FTC Charges Marketers with Tricking People Who Applied for Payday Loans; Used Bank Account Information to Charge Consumers for Unwanted Programs

FTC Action Leads to $4.8 Million Judgment Against Deceptive Marketer; Company Tricked Payday Loan Applicants into Buying Prepaid Debit Cards

Consumer Reporting Agency to Pay $1.8 Million for Fair Credit Reporting Act Violations

Loan Pitchman Permanently Banned from Telemarketing

Internet Payday Lenders Will Pay $1 Million to Settle FTC and Nevada Charges; FTC Had Challenged Defendants' Illegal Lending and Collection Tactics

FTC Settlement Bars Deceptive Online Marketing Tactics; Payday Loan Applicants Were Charged for Unwanted Debit Cards

Commission Approves Final Consent Order in the Matter of We Give Loans, Inc.; FTC Approves Final Consent Order in the Matter of American Advance.com

FTC Approves Final Consent Order in Matters of CashPro, American Cash Market, Inc., and Anderson Payday Loans

Prepared Statement of the Federal Trade Commission On Consumer Protection In Financial Services: Subprime Lending and Other Financial Services

FTC Releases Staff Comments Supporting the Defense Departments Proposal to Protect Military Consumers from Predatory Lending Practices

Las Vegas Firm Settles FTC Charges It Misled Consumers Through Credit Line and Cash Advance Offers

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