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

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

Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) today took its very very first enforcement action against a lender that is payday buying money America Global, Inc. to refund consumers for robo-signing documents with debt collection legal actions. The CFPB additionally discovered that Cash America – among the biggest short-term, small-dollar loan providers into the country – violated the Military Lending Act by illegally overcharging servicemembers and their own families. (more…)

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Despite its risks and downsides, there are many helpful applications for difficult cash loans. From difficult cash unsecured loans to money that is hard real-estate investors, you are able to leverage this funding tool in order to make lucrative investment alternatives and fund large costs quickly.

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