Capital Advance Tag Archives -

Phony Payday Loan Lenders Lose Rolls Royce and Ferrari

December 11, 2020July 11, 2014 by Steve Rhode

The operators of a Tampa, Florida-based payday loan broker scheme have agreed to settle Federal Trade Commission charges that they falsely promised to help consumers get loans, but instead used consumers’ personal financial data to take money from their bank accounts without their consent. Claiming to be affiliated with a network of 120 potential payday …

FTC Slams Phony Payday Lender to Ground

December 11, 2020September 4, 2013 by Steve Rhode

At the request of the Federal Trade Commission, a U.S. district court has halted a Tampa, Florida-based operation that promised to help consumers get payday loans. Instead of loans, the defendants used consumers’ personal financial information to debit their bank accounts in increments of $30 without their authorization, the FTC alleged. Claiming to be affiliated …