FTC files suit against payday financing procedure claiming tribal affiliation

FTC files suit against payday financing procedure claiming tribal affiliation

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The Federal Trade Commission filed suit Monday against an on-line payday-lending operation who has advertised American Indian tribal affiliations to circumvent state legislation.

The FTC stated the lending company allegedly piled on undisclosed and fees that are inflated accumulated loan re re re payments illegally by threatening borrowers with arrest and legal actions. Continue reading “FTC files suit against payday financing procedure claiming tribal affiliation”