CFPB Takes Action against ACE Money Express for Prohibited Loan Techniques

CFPB Takes Action against ACE Money Express for Prohibited Loan Techniques

The customer Financial Protection Bureau (CFPB) has brought enforcement action against ACE money Express, one of many cash that is biggest providers in the usa, for pressing payday borrowers into an occasion period of financial duty.

The CFPB unearthed that ACE utilized illegal responsibility that is economic methods including harassment and false threats of appropriate actions or unlawful prosecution to stress overdue borrowers into taking right out additional loans they are able to perhaps maybe perhaps maybe not manage. Continue reading “CFPB Takes Action against ACE Money Express for Prohibited Loan Techniques”