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FTC reaches settlement against alleged payday debt collection scheme
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Case Law, Consumer Protection
Tuesday, September 29, 2015
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The Federal Trade Commission reached a settlement with Broadway Global Master Inc., In-Arabia Solutions Inc. and Kirit Patel over allegations that the defendants engaged in a scheme to defraud consumers who took out payday loans for phantom debts, or debts that are not actually owed. Read on to learn more about the commission’s case and its other activities in tackling such practices.
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