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FTC Halts Deceptive Payday Lender That Took Millions From Consumers’ Accounts Without Authorization

FTC Halts Deceptive Payday Lender That Took Millions From Consumers’ Accounts Without Authorization

Defendants received duplicated interest-only fees, making customers to pay for significantly more than guaranteed

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The Federal Trade Commission has charged a lending that is payday with deceptively overcharging customers huge amount of money and withdrawing money over and over over and over over and over repeatedly from consumers’ bank reports without their authorization. a federal court has entered a short-term restraining purchase halting the procedure and freezing the defendants’ assets, during the FTC’s demand.

Based on the FTC, the 11 defendants, through internet sites and telemarketing, and running beneath the names Harvest Moon Financial, Gentle Breeze on line, and Green Stream Lending, utilized marketing that is deceptive to persuade people who their loans could be paid back in a hard and fast quantity of re payments.