The organization has also been speculated to have borrowers that are“illegally forcing consent to repay their loans through pre-authorized Automated Clearing House (ACH) repayments.

The organization has also been speculated to have borrowers that are“illegally forcing consent to repay their loans through pre-authorized Automated Clearing House (ACH) repayments.

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Integrity Advance, LLC, James R. Carnes (CEO)

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Enforcement, Pay Day Loans

In 2015, the CFPB took action against “online payday lender” Integrity Advance, LLC and its own CEO, James R. Carnes, for “allegedly deceiving customers in regards to the price of short-term loans.” The CFPB alleged Integrity Advance “did maybe not reveal the expense customers would pay” and “unfairly used remotely produced checks” to charge clients’ “bank accounts even after the consumers revoked authorization for automated withdrawals.” Carnes appealed the lawsuit that is administrative sought “$38.1 million in restitution” and civil charges against him, and also this instance continues to be listed as active. (mais…)

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