CFPB Takes Action Against ACE Money Express for Pressing Payday Borrowers Towards Pattern of Financial Obligation

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Today, the buyer Financial Protection Bureau (CFPB) took enforcement action against ACE money Express, among the biggest payday loan providers in america, for pressing payday borrowers as a period of financial obligation. The CFPB unearthed that ACE utilized debt that is illegal techniques – including harassment and false threats of legal actions or unlawful prosecution – to pressure overdue borrowers …