An on-line payday lending company, the topic of a CBS News/Center for Public Integrity research in September, is currently under research by the Federal Trade Commission (FTC) relating to information unveiled at a current Colorado state court hearing.
The online payday lenders are operated with a moms and dad business called AMG Services plus they lend money beneath the names 500fastcash, United Cash Loans, US Fast money and Ameriloan.
The Colorado Attorney General argued at a November hearing that while a tiny indigenous United states tribe owns the businesses, degree 5 Motorsports competition automobile motorist and convicted felon Scott Tucker actually operates the lending that is payday. Continue reading Federal Trade Commission investigating online payday lender profiled by CBS News