Cracking Down On Payday Loans

DCvision2006

Operator Of Payday Lending Venture Found Guilty Of Racketeering, Other Charges

Nearly two years after federal authorities arrested the man behind the company responsible for one of the scammiest payday loans Consumerist has ever seen, the man and his lawyer were convicted of racketeering related to running a $3.6 million online payday lending operation that exploited more than 4.5 million people.  [More]

Feds Arrest Heads Of Two Massive Online Payday Loan Operations

Feds Arrest Heads Of Two Massive Online Payday Loan Operations

Back in June 2014, Consumerist showed readers what might have been the scammiest payday loan we’d ever seen. Today, federal authorities arrested the man behind the company, AMG Services — along with his lawyer and another, unrelated, payday lender — for allegedly running online payday lending operations that exploited more than 5 million consumers.  [More]