Payday Lenders Which Used Tribal Affiliation to Illegally Garnish Wages Settle with FTC

Settlement Needs Defendants to cover Almost $1 Million

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A South Dakota-based lending that is payday as well as its owner can pay $967,740 towards the U.S. Treasury as an element of a settlement resolving FTC costs they utilized unfair and misleading strategies to gather on pay day loans and forced debt-burdened customers to go to Southern Dakota and search before a tribal court that failed to have jurisdiction over their instances. Continue reading →