CFPB Takes Action Against ACE Money Express for Pressing Payday Borrowers Towards Cycle of Financial Obligation

CFPB Takes Action Against ACE Money Express for Pressing Payday Borrowers Towards Cycle of Financial Obligation

ACE to pay for $10 Million for making use of Illegal business collection agencies Tactics to Pressure Consumers towards Debt Traps

WASHINGTON, D.C. — Today, the customer Financial coverage Bureau (CFPB) took administration activity against ACE money Express, among the biggest payday loan providers in the us, for pressing payday consumers in to a payday loans in Maryland pattern of financial obligation. Continue reading “CFPB Takes Action Against ACE Money Express for Pressing Payday Borrowers Towards Cycle of Financial Obligation”