CFPB obtains ten dollars million of relief for payday lender’s collection phone calls

CFPB obtains ten dollars million of relief for payday lender’s collection phone calls Yesterday, the CFPB and ACE money Express issued pr announcements announcing that ACE has entered right into a permission purchase because of the CFPB. The permission purchase details ACE’s collection methods and needs ACE to cover $5 million in restitution and another $5 million in civil penalties that are monetary. The CFPB criticized ACE for:...

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