The buyer Financial Protection Bureau has filed case against four lenders that are high-cost with a california tribe, saying violations result in the loans void
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The government’s consumer watchdog agency has filed case against four tribal-owned online loan providers, saying installment loans in south carolina several of their high-cost loans are void since they violated state or laws that are federal.
“We allege that these organizations made demands that are deceptive illegally took funds from people’s bank records, ” said Richard Cordray, director of this U.S. Customer Financial Protection Bureau, in a declaration.
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