DFS ANNOUNCES PAYMENT WITH PAYDAY DEBT PAYDAY and COLLECTOR LOAN SERVICER

DFS ANNOUNCES PAYMENT WITH PAYDAY DEBT PAYDAY and COLLECTOR LOAN SERVICER

Total Account healing and E-Finance Call Center Support to cover $45,000 Penalty for Servicing and Collecting on prohibited Payday Loans in New York

Financial solutions Superintendent Maria T. Vullo today announced that the Department of Financial Services (DFS) has entered into a permission purchase with Total Account healing, LLC (TAR), a quick payday loan debt collector, and E-Finance Call Center help (conducting business as E-Finance), a cash advance servicer. The settlement announced today offers almost $12 million in loan forgiveness for New York consumers and therefore the businesses will stop tasks in ny. Read more…