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…

Seeking fast cash for the holidays could cost you a bundle

BBB warns consumers to be wary when applying for payday or car title loans Your cash reserves are running low. Holiday presents need to be bought and you don’t get paid until next week. What can you do to get some extra last minute cash? Many cash-strapped consumers may find themselves in need of a…