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Payday Loan Group Slapped With Record $1.3B Fine for 700 Percent Lending Rates

by Fraud Stoppers Admin | Oct 7, 2016 | Foreclosure Defense News, Tactics, and Tips

A federal judge in Nevada said professional racecar driver Scott Tucker and several of his companies owe $1.27 billion to the Federal Trade Commission after systematically deceiving payday lending customers about the cost of their loans. In one example, lending...