Scott Tucker, the Leawood businessman and professional race car driver who built a financial empire through an illegal payday loan enterprise, received a 16-year, 8-month prison sentence on Friday. Kevin Castel, a judge for the U.S.

Jun 20, 2011  · Read all of the posts by FCS is a scam on FCS is a scam

He said getting an all three rules passed would be difficult, but said because the bureau is data-driven consumers who have had issues with payday loans could help by submitting complaints.

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Chicago (WIFR) — Attorney General Lisa Madigan today warned Illinois residents to be on the alert for scam artists posing as collectors of payday loan debt. The scammers call consumers and threaten them with legal action unless the.

v=PDylgzybWAw&w=640&h=390] You can also see why many people would be interested in an alternative that isn’t as much of a rip-off. Payday loan alternatives have popped. Access your money early with the service, and you’re apt.

A bank offering “payday” loans has socked New York City’s working poor and minorities with loan-shark-like interest rates of 1,400 percent, a federal lawsuit charges. County Bank of Rehoboth Beach, Del., has targeted low-income and.

The scheme is accused of collecting sensitive data from people who thought they were applying for a payday loan and then selling the information to malicious companies that accessed bank accounts and credit cards without permission.

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LONDON (Reuters) – Complaints about payday loans more than tripled in the first six months of the year, Britain’s financial ombudsman said on Tuesday, though loan insurance remains the biggest bugbear for customers of banks and.

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While banks got a better report card, complaints against payday lenders, companies that provide high interest, short.

FORT MYERS, Fla. – In the latest scam, crooks are focusing on payday loan collections. Scammers have been contacting Southwest Floridians by mail and phone ot get their hands on your hard-earned cash. Beth Schell with the.

Payday loan firms are closing down hundreds of shops after being banned from charging rip-off interest rates. The Money Shop, Britain’s second biggest lender after Wonga, plans to shut 240 branches by the end of next month, taking its.

A new collection scheme aimed at payday loan customers is threatening Washington consumers, says the Washington State Department of Financial Institutions. The new phone collection scam threatens consumers with legal action or.

Local consumer advocates are warning about an online payday loan company targeting the public. Tom Gallagher, with the Richmond Better Business Bureau, is sounding the. There have been at least five complaints in Virginia. They.

While many Ponzi schemes rely on rich people’s investments, the payday loan scheme relies on the poorest members of our society. Poor people are also the least likely to complain or to have the political clout to change this legalized.

The average payday loan is tiny, about $400, and in the benign view of the. “could click through to an OLA Web page that would report it.” Barden could not say how complaints would be acted upon and couldn’t identify any members.

The FBI Internet Crime Complaint Center continues to receive complaints from victims of payday loan telephone collection scams. The typical payday loan scam involves a caller who claims the victim is delinquent on a payday.

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WASHINGTON (AP) — Troubled by consumer complaints and loopholes in state laws, federal regulators are putting together the first-ever rules on payday loans aimed at helping cash-strapped borrowers avoid falling into a cycle of high.

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Susie McGee said she doesn’t use them. "I think they’re nice for people who really need them, but I also think they are a big rip-off," McGee said. Michelle Stone supports tougher regulations. "Payday loans are robbery. They shouldn’t.

$35k now $140k. Government loan sharking with judicial muscle collecting. Insanity for this country! Please email your congress and senate reps and let them know to.

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FRANKFORT, Ky. (WKYT) – Jamie Akers with Commonwealth Credit Union told WKYT’s Miranda Combs online payday loan sites are enticing to many, because people can get their money quick. "They get it online because they can get.

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(See how the CFPB plans to size up nonbank lenders.) If you’re unfamiliar with payday loans, they’re basically a quick way for consumers to make ends meet between paychecks, offering up small amounts of cash that must be repaid.