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FTC takes aim at data brokers who sold payday applicant information
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Case Law, Consumer Protection, Nonbank Financial
Tuesday, August 18, 2015
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The Federal Trade Commission (FTC) charged two companies and their managers for illegally selling payday loan applicants’ financial information to scammers who took money from consumers by debiting their bank accounts and charging their credit cards without their consent. The FTC’s complaint did not name the company performing the unauthorized billing, but instead the providers of consumer information.
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