During the FTC’s Request, Court Halts Alleged Phony Cash Advance Broker

During the FTC’s Request, Court Halts Alleged Phony Cash Advance Broker

Customer Losses believed at significantly more than $5 Million; Defendants guaranteed to greatly help individuals Find Loans, but alternatively simply Debited Their Bank Accounts, FTC Alleges

A U.S. district court has halted a Tampa, Florida-based operation that promised to help consumers get payday loans at the request of the Federal Trade Commission. In the place of loans, the defendants utilized consumers’ individual financial information to debit their bank records in increments of $30 without their authorization, the FTC alleged. […]