FTC Charges Payday Broker LeapLab & Ideal Financial with Theft of Millions from Consumers’ Accounts

By | Dec 23, 2014

Post from the Federal Trade Commission: FTC Charges Data Broker with Facilitating the Theft of Millions of Dollars from Consumers’ Accounts Company Sold Personal Financial Information to Scammers. A data broker operation sold the sensitive personal information of hundreds of thousands of consumers – including Social Security and bank account numbers – to scammers who allegedly […]

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California Car Title Loans

By | Dec 15, 2014

This car title loan advisory was issued by The California Department of Business Oversight Exercise caution before borrowing money through an automobile title loan. These loans require you to put up as collateral the ownership of your car. If you miss payments or default on the auto title loan, the lender can take your vehicle. […]

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Operation Choke Point: Banks Threatened by FDIC to Kill Payday Loan Industry

By | Dec 9, 2014

Federal Deposit Insurance Corporation’s Involvement in “Operation Choke Point” Staff Report, 113th Congress, December 8, 2014 U.S. House of Representatives, Committee on Oversight and Government Reform, Darrell Issa (CA-49), Chairman “Documents produced to the Committee reveal that senior policymakers in FDIC headquarters oppose payday lending on personal grounds, and attempted to use FDIC’s supervisory authority to prohibit the practice. In […]

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