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Customer Financial Protection Bureau Takes Action Against Payday Lender For Robo-Signing

Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) today took its very first enforcement action against a lender that is payday buying money America Overseas, Inc. To refund consumers for robo-signing court documents with debt collection legal actions. The CFPB additionally discovered that money America – one of several largest short-term, small-dollar loan providers when you look at the country – violated the Military Lending Act by illegally overcharging servicemembers and their loved ones. Continue lendo