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

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

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, plus the extinguishment that is effective of payday advances. In July for this 12 months, EZCORP announced they had been leaving the buyer financing market.