CFPB Takes Action against ACE Money Express for Prohibited Cash Advance Techniques

CFPB Takes Action against ACE Money Express for Prohibited Cash Advance Techniques

The customer Financial Protection Bureau (CFPB) has brought enforcement action against ACE money Express, among the largest payday loan providers in the us, for pressing payday borrowers in to a period of debt.

The CFPB discovered that ACE utilized debt that is illegal techniques – including harassment and false threats of legal actions or unlawful prosecution – to pressure overdue borrowers into taking out fully extra loans they might maybe perhaps not pay for. Read More