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Pay day loan call center script. Secured personal loans by phone

Pay day loan call center script. Secured personal loans by phone

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CFPB Fines Payday Lender $10M For Commercial Collection Agency Methods

CFPB Fines Payday Lender $10M For Commercial Collection Agency Methods

David Mertz

Global Debt Registry

Yesterday, the CFPB announced a permission decree with EZCORP , an Austin, Texas-based payday loan provider. The permission decree included $7.5 million in redress to customers, $3 million in fines, in addition to effective extinguishment of 130,000 pay day loans. In of this year, EZCORP announced that they were exiting the consumer lending marketplace july.

The consent decree alleged a true range UDAAP violations against EZCORP, including: