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

$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 down an internet cash advance from an organization connected to 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 largest reimbursement system the agency has ever administered. (FTC image)

BREVARD COUNTY, FLORIDA – If you took away an internet cash advance from a business connected to AMG Services, you are 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. When customers took down loans, AMG stated they might charge an one-time finance cost.

Rather, AMG made numerous unlawful withdrawals from peoples’ bank reports and charged concealed charges. As a total outcome, people paid a lot more for the loans than that they had decided to.

In 2016 a court was won by the FTC situation against AMG and Scott Tucker. Then in 2017, a jury convicted Tucker along with his lawyer of crimes associated with the financing scheme. […]