Money Express Made Misleading Representations to Consumers and Improperly money that is seized Check-Cashing Transactions
The Bureau of customer Financial Protection (Bureau) today announced funds with money Express, LLC, a lender that is small-dollar in Cookeville, Tenn., that offers high-cost, short-term loans, such as for instance payday and title loans, in addition to check-cashing services. Cash Express has and runs around 328 retail lending outlets in four states: Tennessee, Kentucky, Alabama, and Mississippi.
As described into the permission order, the Bureau unearthed that money Express violated the customer Financial Protection Act (CFPA) by deceptively threatening in collection letters it was not Cash Express’s practice to file lawsuits against these consumers that it would take legal action against consumers, even though the debts were past the date for suing on legal claims, and. Continue reading “Bureau of Customer Financial Protection Settles with Money Express”