Installment Loans With Bad Credit Rhode Island

CFPB purchases EZCORP to pay for $10 Million for prohibited Debt Collection Tactics

Posted by on Jul 20, 2020 in Installment Loans With Bad Credit Rhode Island | Comments Off

Bureau problems Industry-Wide Warning On Home, Workplace business collection agencies dangers WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today took action against EZCORP, Inc., a small-dollar loan provider, for unlawful business collection agencies techniques. These techniques included unlawful visits to customers at their houses and workplaces, empty threats of appropriate action, lying about consumers’ legal rights, and exposing customers to bank charges through illegal withdrawals that are electronic. The Bureau ordered EZCORP to refund $7.5 million to 93,000 consumers, pay $3 million in charges, preventing number of remaining payday and installment loan debts owed by approximately 130,000 customers.

Read More