Jan 24, 2024 · Many consumers who need cash quickly turn to payday loans – short-term, high interest loans that are generally due on the consumer’s next payday after the loan is taken out.

Feb 11, 2021 · The owners and operators of a vast payday lending scheme that overcharged consumers millions of dollars will be permanently banned from the lending industry under the ...

Mar 18, 2024 · The Federal Trade Commission is taking action against two companies – Biz2Credit and Womply – that made false promises to small businesses seeking to take part in the Paycheck …

The owners of a debt relief operation that targeted consumers with outstanding payday loans will be banned from the debt relief business under settlements with the Federal Trade Commission. In...

The official website of the Federal Trade Commission, protecting America’s consumers for over 100 years.

May 22, 2020 · The Federal Trade Commission has charged a payday lending enterprise with deceptively overcharging consumers millions of dollars and withdrawing money repeatedly from …

The lender agrees to hold the check until the borrower’s next payday, and on that date, the borrower can redeem the check by paying the lender the principal loan plus the fee in cash, or the lender can …

Companies may offer relief from different kinds of debt, including home mortgages (often called Mortgage Assistance Relief Services or “MARS”), student loans, payday loans, credit card debts, …

May 19, 2022 · The Federal Trade Commission, through its refund administrator, is mailing 690,000 checks totaling more than $152 million to consumers who lost money to a massive payday lending …

Jan 6, 2026 · The FTC shares authority with the CFPB to enforce the consumer protection laws with respect to non-bank financial institutions. Cracking Down on Mortgage Relief Scams Credit …