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$505 Million in Refunds Sent to Payday Loan users Through the Federal Trade Commission

$505 Million in Refunds Sent to Payday Loan users Through the Federal Trade Commission

see responses to questions regarding AMG refunds

In the event that you took down an on-line cash advance from an organization associated with AMG Services, you may well be getting a sign in the mail through the FTC. The $505 million the FTC is going back to customers makes this the refund program that is largest the agency has ever administered. (FTC image)

BREVARD COUNTY, FLORIDA – you may be getting a check in the mail from the FTC if you took out an online payday loan from a company affiliated with AMG Services. The $505 million the FTC is going back to customers makes this the largest refund system the agency has ever administered.

The FTC sued AMG and Scott A. Tucker for misleading payday lending. Whenever customers took down loans, AMG said they might charge an one-time finance cost.

Alternatively, AMG made numerous illegal withdrawals from peoples’ bank reports and charged fees that are hidden. As being a total outcome, individuals paid a lot more for the loans than that they had decided to. Читать далее