$505 Million in Refunds delivered to Payday Loan users Through the Federal Trade Commission

see responses to questions regarding AMG refunds

In the event that you took out an on-line pay day loan from an organization connected to AMG Services, you may be getting a register the mail through the FTC. The $505 million the FTC is time for customers makes this the refund program that is largest the agency has ever administered. (FTC image)

BREVARD COUNTY, FLORIDA – If you took down an on-line pay day loan from a business associated with AMG Services, you may well be getting a sign in the mail through the FTC. The $505 million the FTC is going back to customers makes this the biggest reimbursement system the agency has ever administered.

The FTC sued AMG and Scott A. Tucker for misleading payday lending. Whenever customers took down loans, AMG stated they might charge a finance fee that is one-time.

Alternatively, AMG made numerous illegal withdrawals from peoples’ bank accounts and charged concealed charges. As outcome, individuals paid a lot more for the loans than that they had consented to.

In 2016 the FTC won a court situation against AMG and Scott Tucker. Then in 2017, a jury convicted Tucker along with his lawyer of crimes pertaining to the financing scheme. The FTC and Department of Justice are employing money acquired in both court actions to offer refunds to consumers.

Listed below are responses to questions regarding AMG refunds.

Who can get a reimbursement?

Checks are increasingly being provided for customers whom took down loans between January 2008 and January 2013 because of these companies that are AMG-related 500FastCash, Advantage Cash solutions, Ameriloan, OneClickCash, Star money Processing, UnitedCashLoans, and USFastCash. Continue reading $505 Million in Refunds delivered to Payday Loan users Through the Federal Trade Commission