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CFPB Sues On Line Payday Lender for Cash-Grab Ripoff; The Hydra Group Uses Phony Payday Advances to Illegally Access Consumer Bank Accounts

calendar 28/02/21
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CFPB Sues On Line Payday Lender for Cash-Grab Ripoff; The Hydra Group Uses Phony Payday Advances to Illegally Access Consumer Bank Accounts

“The Hydra Group happens to be managing a brazen and cash-grab that is illegal, using cash from consumers’ bank reports without their permission,” said CFPB Director Richard Cordray. “The utter neglect for the legislation shown because of the Hydra Group therefore the males managing it really is shocking, so we are using decisive action to stop more customers from being harmed.”

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