Payday loan providers settle just in case alleging online phony loan scam | Hilton Head Island Packet

Payday loan providers settle just in case alleging online phony loan scam | Hilton Head Island Packet

Nationwide

A payday that is huge procedure based in Kansas City, Mo., would be prohibited from providing any longer loans under a $54 million settlement established by federal regulators Tuesday.

The Federal Trade Commission accused 14 organizations owned by two Johnson County guys, Timothy the Coppinger and Frampton T. Rowland III, of utilizing online information to sign up for loans for folks without their authorization. (more…)

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