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Online Lending
Internet Payday Lender Fined $1 Million By FTC
By Mike Sachoff
Nevada Attorney General Catherine Cortez Masto and the Federal Trade Commission (FTC) have announced a settlement has been reached against an international Internet payday lending operation that failed to disclose key loan terms and used illegal debt collection tactics against consumers.
The operation will pay $1 million to settle the State of Nevada and FTC charges for its misleading tactics.
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