CFPB Takes Action Against Business Collection Agencies Firm EZCORP, Inc. and Problems Face-to-face Commercial Collection Agency Compliance Bulletin Blog Dodd Frank

CFPB Takes Action Against Business Collection Agencies Firm EZCORP, Inc. and Problems Face-to-face Commercial Collection Agency Compliance Bulletin Blog Dodd Frank

On December 16, 2015, the customer Financial Protection Bureau (CFPB) announced an enforcement that is administrative against commercial collection agency company EZCORP, Inc. (EZCORP), for allegedly participating in unlawful business collection agencies practices in violation of this Electronic Fund Transfer Act (EFTA) and also the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank).

EZCORP as well as its entities that are related supplied high-cost, short-term, short term loans, in 15 states from a lot more than 500 storefronts, beneath the tradenames “EZMONEY pay day loans,” “EZ Loan Services,” “EZ Payday Advance,” and “EZPAWN payday advances.” The CFPB alleges that EZCORP involved with unfair and misleading commercial collection agency techniques in breach associated with EFTA and Dodd-Frank. Continue reading CFPB Takes Action Against Business Collection Agencies Firm EZCORP, Inc. and Problems Face-to-face Commercial Collection Agency Compliance Bulletin Blog Dodd Frank