"When borrowers could not pay back their loans, ACE would subject them to illegal debt collection threats and harassment," the CFPB's Cordray said.
CCR - Regulation
Cloud Over Payday Industry Grows as CFPB Fines Texas Lender
WASHINGTON — The Consumer Financial Protection Bureau has yet to issue broad rules for payday lenders, but the bureau's $10 million settlement with ACE Cash Express Thursday sends another strong message about the practices it may target.
To continue reading, please log in or complete the free registration.