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$505 million in refunds delivered to pay day loan clients

$505 million in refunds delivered to pay day loan clients

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You may be getting a check in the mail from the FTC if you took out payday loans MS an online payday loan from a company affiliated with AMG Services. The $505 million the FTC is going back to customers makes this the biggest reimbursement system the agency has ever administered.

The FTC sued AMG and Scott A. Tucker for misleading payday financing. When customers took away loans, AMG stated they might charge a one-time finance cost. Alternatively, AMG made numerous unlawful withdrawals from people s’ bank accounts and charged concealed fees. Leer más

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