CFPB sales EZCORP to cover $10 Million for prohibited Debt Collection Tactics

CFPB sales EZCORP to cover $10 Million for prohibited Debt Collection Tactics

Bureau problems Industry-Wide Warning On Residence, Workplace business collection agencies Risks WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today took action against EZCORP, Inc., a small-dollar loan provider, for unlawful business collection agencies methods. These techniques included unlawful visits to customers at their domiciles and workplaces, empty threats of appropriate action, lying about consumers’ legal rights, and exposing customers to bank costs through illegal withdrawals that are electronic. The Bureau ordered EZCORP to refund $7.5 million to 93,000 consumers, spend $3 million in penalties, and prevent assortment of staying payday and installment loan debts owed by roughly 130,000 customers. Xem thêm