Richard Cordray, manager associated with the customer Financial Protection Bureau, testifies at a Nov. 2013 Senate banking committee hearing. (Picture: Profit McNamee, Getty Graphics The United States)

Tale Shows

• About 14,000 Ohio customers to have refunds
• Significantly more than 300 active-duty service people additionally get repayments
• Payday loan provider to cover $5 million fine for failing woefully to protect documents

Money America Global, a significant owner of U.S. pawn stores and cash advance stores, has agreed pay $19 million in customer refunds and fines for robo-signing papers found in business collection agencies, issuing improperly high loans to armed forces people and destroying documents wanted with a federal regulator.

The buyer Financial Protection Bureau imposed the charges Wednesday under a permission purchase with all the Fort Worth-based business. Continue reading →