PayDayLoan Marketers Stung by FTC
FTC Charges Internet Payday Loan Marketers with Using Bank Account Information to Charge Consumers for Unwanted Programs according to Internet Attorney Richard Newman @ Performance Marketing Insider:
According to the Commission’s complaint, the defendants’ websites, such as mypaydayangel.com and juniperloans.com, asked for consumers’ personal and financial information, such as social security, driver license, and bank account numbers. Near the end of the application form, the defendants offered unrelated “Direct Benefits” and “Voice Net” programs for food, travel and merchandise discounts, or for long distance calling and Internet access. Many consumers who clicked to “submit” a payday loan application were enrolled, unknowingly, into the programs, which initially charged their bank accounts up to $59.90 per month, and later charged up to $99.90 per year.
Read More here about the FTC Case Against PayDayLoan Marketers
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