Payday Lender ACE Money Express Fined $10 Million

Payday Lender ACE Money Express Fined $10 Million

By Charlene Crowell NNPA Columnist

The Consumer Financial Protection Bureau (CFPB) has fined a major payday lender for the second time in as many years. On July 10, Director Richard Cordray announced this one for the nation’s largest payday lenders, ACE money Express, can pay ten dollars million in restitution and charges for directing its workers to “create a feeling of urgency” whenever calling delinquent borrowers. Continue reading “Payday Lender ACE Money Express Fined $10 Million”