Purchase Marks First Commission Action Against a Provider of „Payday Loans“

Purchase Marks First Commission Action Against a Provider of „Payday Loans“

The Federal Trade Commission today announced two proposed agreements charges that are settling Consumer cash Markets, Inc. (CMM), Continental Direct Services, Inc. (CDS) and lots of people and businesses attached to the organizations violated the FTC Act, the Telemarketing product product Sales Rule (TSR) while the Truth in Lending Act (TILA) by falsely representing that customers who paid a account charge of $149 to $169 would get a personal line of credit of thousands, along side cash-advance privileges. „Purchase Marks First Commission Action Against a Provider of „Payday Loans““ weiterlesen