CFPB Takes Action against ACE Money Express for Prohibited Advance Loan Techniques

CFPB Takes Action against ACE Money Express for Prohibited Advance Loan Techniques

The buyer Financial Protection Bureau (CFPB) has brought enforcement action against ACE money Express, one of many cash that is biggest providers in america, for pressing payday borrowers into a duration period of financial duty.

The CFPB found that ACE utilized illegal obligation that is economic techniques including harassment and false threats of appropriate actions or unlawful prosecution to stress overdue borrowers into taking out fully additional loans they may be able perhaps perhaps perhaps maybe not manage. Continue reading