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CFPB Fines Payday Lender $10M For Commercial Collection Agency Techniques

CFPB Fines Payday Lender $10M For Commercial Collection Agency Techniques

David Mertz

Global Debt Registry

Yesterday, the CFPB announced a permission decree with EZCORP , an Austin, Texas-based payday loan provider. The permission decree included $7.5 million in redress to customers, $3 million in fines, and also the extinguishment that is effective of payday advances. In of this year, EZCORP announced that they were exiting the consumer lending marketplace july.

The permission decree alleged a true amount of UDAAP violations against EZCORP, including:

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