The Consumer Financial Protection Bureau said the payday lender used phony documents to claim that a person had applied for a loan. It then deposited unauthorized funds in the person’s bank account and began withdrawing unauthorized fees. A loan would typically be $200 to $300, with $60 to $90 in fees withdrawn every two weeks.
The Consumer Financial Protection Bureau said the payday lender used phony documents to claim that a person had applied for a loan. It then deposited unauthorized funds in the person’s bank account and began withdrawing unauthorized fees. A loan would typically be $200 to $300, with $60 to $90 in fees withdrawn every two weeks. File photo Aaron Eisenhauer/Correspondent
The Consumer Financial Protection Bureau said the payday lender used phony documents to claim that a person had applied for a loan. It then deposited unauthorized funds in the person’s bank account and began withdrawing unauthorized fees. A loan would typically be $200 to $300, with $60 to $90 in fees withdrawn every two weeks. File photo Aaron Eisenhauer/Correspondent

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September 15, 2014 4:51 PM

Federal agency sues two Johnson County men, says they bilked payday loan customers out of millions

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