FTC Cracking Down on Dishonest Payday Lenders. NCBRC requires your help to protect the liberties of consumer bankruptcy debtors.

FTC Cracking Down on Dishonest Payday Lenders. NCBRC requires your help to protect the liberties of consumer bankruptcy debtors.

The FTC happens to be pursuing fraudulent lending that is payday focused in Missouri and Kansas, with settlements since high as $1.266 billion.

In a pr release dated 9, 2017, the FTC announced charges against businessman, Joel Jerome Tucker, and his companies, SQ Capital LLC, JT Holding Inc., and HPD LLC, for selling portfolios made up of fake payday loans january. Based on the FTC, the loans placed in the portfolios known as phony loan providers and debtors, including their social safety and bank account figures, and generated collection tasks against consumers that has perhaps maybe maybe not applied for loans. Read more…