Bernstein thanked the Nevada Attorney General’s workplace for the support in investigating the situation.

Bernstein thanked the Nevada Attorney General’s workplace for the support in investigating the situation.

Order Marks First Commission Action Against a Provider of “Payday Loans”

The Federal Trade Commission today announced two proposed agreements settling fees that Consumer cash Markets, Inc. (CMM), Continental Direct Services, Inc. (CDS) and lots of people and businesses linked to the organizations violated the FTC Act, the Telemarketing product product Sales Rule (TSR) in addition to Truth in Lending Act (TILA) by falsely representing that customers who paid a account charge of $149 to $169 would get a line of credit of thousands, along side cash-advance privileges.Continue reading