Payday Lender ACE Money Express Fined $10 Million. In the day that is same the CFPB’s enforcement action took place, another key payday- associated development happened.

Payday Lender ACE Money Express Fined $10 Million. In the day that is same the CFPB’s enforcement action took place, another key payday- associated development happened. The Consumer Financial Protection Bureau (CFPB) has fined a major payday lender for the second time in as many years. On July 10, Director Richard Cordray announced that certain regarding the nation’s biggest payday lenders, ACE money Express, can pay ten dollars million in restitution and charges for directing its employees to “create online payday [...]

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