Montel Williams out as pay day loan pitchman in ny

Montel Williams out as pay day loan pitchman in ny

ALBANY, N.Y. (AP) — An internet company is losing Montel Williams as the celebrity pitchman in ny while agreeing to get rid of creating leads within the state for payday advances with rates of interest often topping 1,000 %, regulators stated Tuesday.

A study discovered Las Vegas-based Selling Source LLC, conducting business as MoneyMutual, marketed unlawful loans online to New York residents, plus the business will probably pay $2.1 million in charges, the Department of Financial Services said.

Williams, a marine that is former hosted “The Montel Williams Show” for over 10 years, finalized a consent purchase saying he’ll stop endorsing MoneyMutual loans in ny, it said. Continue reading “Montel Williams out as pay day loan pitchman in ny”