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FTC Wins Cash Advance $54M Settlement for Customers

FTC Wins Cash Advance $54M Settlement for Customers

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FTC Payday Loan Allegations

The loan that is payday against these operators and their businesses, including Sandpoint Capital, alleges they targeted pay day loan applicants after which deposited cash into those applicants’ bank accounts without their permission.

Afterwards, the defending pay day loan organizations would withdraw reoccurring “finance” charges, though none among these re payments would go toward having to pay the main amount owed because of the customer.

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