The buyer Financial Protection Bureau (CFPB) has had enforcement action against ACE money Express, among the payday lenders that are largest in the us, for pressing payday borrowers as a period of financial obligation.

The CFPB unearthed that ACE utilized debt that is illegal techniques – including harassment and false threats of lawsuits or unlawful prosecution – to pressure overdue borrowers into taking out fully additional loans they might perhaps maybe not afford. Read More “CFPB Takes Action against ACE Money Express for Prohibited Cash Advance Techniques”