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$505 Million in Refunds delivered to Payday Loan users Through the Federal Trade Commission

Wednesday, January 22nd, 2020

$505 Million in Refunds delivered to Payday Loan users Through the Federal Trade Commission

see answers to questions regarding AMG refunds

You may be getting a check in the mail from the FTC if you took out an online payday loan from a company affiliated with AMG Services. The $505 million the FTC is time for customers makes this the biggest reimbursement program the agency has ever administered. (FTC image)

BREVARD COUNTY, FLORIDA – you may be getting a check in the mail from the FTC if you took out an online payday loan from a company affiliated with AMG Services. The $505 million the FTC is time for customers makes this the biggest refund system the agency has ever administered.

The FTC sued AMG and Scott A. Tucker for misleading payday financing. When customers took away loans, AMG stated they might charge an one-time finance cost.

Rather, AMG made numerous unlawful withdrawals from peoples’ bank reports and charged hidden fees. As a total outcome, individuals paid a lot more for the loans than that they had consented to.

In 2016 a court was won by the FTC instance against AMG and Scott Tucker. Then in 2017, a jury convicted Tucker along with his lawyer of crimes pertaining to the financing scheme. The FTC and Department of Justice are employing cash acquired in both court actions to offer refunds to customers.

Listed here are responses to questions regarding AMG refunds. (more…)