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

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

Bureau problems Industry-Wide Warning On Residence, Workplace business collection agencies dangers WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today took action against EZCORP, Inc., a lender that is small-dollar for illegal business collection agencies methods. These strategies included unlawful visits to consumers at their houses and workplaces, empty threats of appropriate action, lying about consumers’ rights, and exposing customers to bank fees through unlawful electronic withdrawals. The Bureau ordered EZCORP to refund $7.5 million to 93,000 consumers, pay $3 million in charges, and prevent assortment of staying payday and loan that is installment owed by approximately 130,000 customers. Continue reading “CFPB sales EZCORP to pay for $10 Million for prohibited Debt Collection Tactics”