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CFPB Takes Action against ACE Money Express for Prohibited Cash Advance Methods

CFPB Takes Action against ACE Money Express for Prohibited Cash Advance Methods

The buyer Financial Protection Bureau (CFPB) has brought enforcement action against ACE money Express, among the biggest payday loan providers in the us, for pressing payday borrowers right into a period of financial obligation.

The CFPB discovered that ACE utilized debt that is illegal techniques – including harassment and false threats of legal actions or criminal prosecution – to pressure overdue borrowers into taking right out extra loans they are able to maybe perhaps not afford. Continue reading