FTC Wins Record Judgment Against Payday Lender Notorious For Hiding Behind Tribal Immunity
By Kyra Taylor Fellow
On September 30, a court that is federal Nevada ordered payday lending mogul Scott Tucker along with his affiliated businesses to pay for $1.3 Billion into the FTC for deceiving customers concerning the expenses associated with their loans and unlawfully billing them enormous concealed costs. The court discovered that Tucker himself ended up being profoundly mixed up in creation and handling of an internet that is deceptive financing kingdom that bilked clients away from huge amounts of income and managed to make it practically impossible for people who took down loans to ever entirely repay their financial obligation. The court additionally unearthed that he must be held myself accountable for the judgment that is record-breaking garnered headlines around the world. (more…)
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