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A judge that is federal Nevada stated expert racecar motorist Scott Tucker and many of their businesses owe $1.27 billion towards the Federal Trade Commission after methodically deceiving payday financing clients concerning the cost of their loans.
There Are New Rules to Limit Payday Lending Debt Traps
Within one instance, lending documents suggested that a client who borrowed $500 would have only a finance fee of $150, for an overall total re re payment of $650 — nevertheless the real finance cost had been $1,425. […]