Global Debt Registry
Yesterday, the CFPB announced a permission decree with EZCORP , an Austin, Texas-based payday loan provider. The permission decree included $7.5 million in redress to customers, $3 million in fines, together with extinguishment that is effective of pay day loans. In July of the 12 months, EZCORP announced which they had been leaving the buyer lending marketplace.
The permission decree alleged quantity of UDAAP violations against EZCORP, including:
- Built in individual home that isвЂњat commercial collection agency efforts which вЂњcaused or had the possible to causeвЂќ unlawful 3rd party disclosure, and frequently did therefore at inconvenient times.
- Built in person work that isвЂњat business collection agencies efforts which caused вЂ“ or had the prospective to cause вЂ“ injury to the consumerвЂ™s reputation and/or work status. Continue reading “CFPB Fines Payday Lender $10M For Business Collection Agencies Techniques”