CFPB Needs EZCorp Spend $10M for Commercial Collection Agency Tactics

The customer Financial Protection Bureau has purchased payday and pawn loan provider EZCorp Inc. to pay for $10.5 million for so-called debt that is illegal techniques.

The customer watchdog agency reported with its purchase that the Austin, Tex.-based loan provider made unlawful visits to customers at their houses and workplaces, lied about customers’ liberties making illegal electronic withdrawals that revealed customers to bank charges, among other fees. The CFPB demanded that EZCorp refund $7.5 million to 93,000 customers and pay another $3 million in fines towards the CFPB’s Civil Penalty Fund. (más…)


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