Online payday lenders to pay $21M settlement to settle FTC charges

Two payday lenders recently settled Federal Trade Commission (FTC) charges that they broke the law by charging undisclosed and inflated fees. AMG Services, Inc. and MNE Services, Inc. will pay $21 million and will waive another $285 million in charges that were assessed but not collected. MNE Services lent to consumers under the trade names Ameriloan, United…

Fast cash may end up costing consumers

BBB warns consumers to be wary when applying for payday or car title loans Better Business Bureau is warning consumers looking for payday or car title loans to research a company or website’s reputation and read all the fine print before giving your personal information or signing any agreements. This year, BBB has received more…