News Profile: “Tribal Payday Lenders Get Comeuppance”

Here.

From the FTC press release:

Two payday lending companies have settled Federal Trade Commission charges that they violated the law by charging consumers undisclosed and inflated fees. Under the proposed settlement, AMG Services, Inc. and MNE Services, Inc. will pay $21 million – the largest FTC recovery in a payday lending case – and will waive another $285 million in charges that were assessed but not collected.

The Federal Trade Commission’s website on this matter is here.

The stipulated judgment is here.

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