FTC Gets Some PayDay Lenders To Halt Garnishing Wages Without Court Order

FTC Gets Some PayDay Lenders To Halt Garnishing Wages Without Court Order

A group of nine South Dakota-based payday lenders — doing business under at least 17 different names, but all sharing a common senior executive — has agreed to stop garnishing wages from customers with delinquent accounts, at least until there is some sort of conclusion to the Federal Trade Commission lawsuit against them. [More]