Defendants consent to be prohibited from Consumer Lending Industry
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The operators of the payday lending scheme that allegedly bilked vast amounts from customers by trapping them into loans they never authorized will likely to be prohibited through the customer financing company under settlements because of the Federal Trade Commission.
The settlements stem from costs the FTC filed just last year alleging that Timothy A. Coppinger, Frampton T. Rowland III, and their businesses targeted pay day loan candidates and, making use of information from lead generators and data brokers, deposited cash into those applicants’ bank accounts without their authorization. Continue reading