Payday loan company Wonga suffered a data breach affecting up to 245,000 customers in the UK. According to the BBC, another 25,000 customers in Poland could also be affected. A notification on Wonga’s UK website currently warns of “unlawful and unauthorized access to limited personal data” and states that affected …

A new bill in Congress would cap these interest rates at 36%. He has the backing of Democratic lawmakers in the House and Senate and a conservative Republican from Wisconsin. In 2006, Congress passed a law instituting the 36% cap on active duty military personnel in the country. The new …

Archive photo (Source: WSFA 12 News) MONTGOMERY, AL (WSFA) – A Montgomery County Circuit Court judge dismisses a lawsuit filed by payday lenders seeking to challenge the state’s creation of a central database to track loans . Payday loans are short-term, often high-interest loans with rates as high as 456%. …

The CFPB sued the Loan Doctor who announced CD accounts with 6% interest. Last November, a company called Loan Doctor Financial launched an online CD account called “CD Healthcare Funding Savings Account” that claimed to pay 6% interest rates. Along with the deposits, the company, which the CFPB said called …

According to Citizen’s Advice, young people under the age of 25 are more likely to turn to payday loan companies such as Wonga to make ends meet than to go to their bank, mortgage lenders or a bank. credit card provider. He analyzed 30,000 of the most serious debt problems …

On January 27, the North Carolina Attorney General ad that a Florida-based payday lender (lender) agreed to pay $ 825,000 to settle allegations of usury, unlicensed loaning, illegal debt collection and unfair and deceptive practices in violation of the laws of the State on consumer protection. According to the announcement, …

Nearly half of Britons are in debt, and 15% of them turn to illegal lenders, according to a new study. The study, of the main savings site VoucherCodes.co.uk , found that 48% of respondents say they have at least one type of debt (excluding mortgages), with credit card spending (78%) …

LUFKIN, TX (KTRE) – Officers from the Lufkin Police Department arrested a former Texas Car Title and Payday Loan employee on Monday over allegations she created fraudulent loans or documents to generate fake checks that ‘she forwarded to others for the amount of $ 24,578.10. Lissette Nayely Galvez-Castilleja, 26, of …

Breadcrumb Links Local News Author of the article: Michelle ruby Release date : November 14, 2019 • November 14, 2019 • 3 minutes to read • Join the conversation Brantford City Council wants to put new limits on the number and location of payday lending establishments. Photo by Brian Thompson …

There are more payday lenders than 7-Eleven stores in Hawaii, according to one local non-profit financial services. Their loans are in great demand in Aloha State, where the cost of living is exorbitant and residents have the second consumer debt in the nation. But small, short-term loans – which are …