Montel Williams Will Minimize Advertising Payday Advances In Ny
The talk-show host, while the payday loan provider he promoted, got a rap in the knuckles by ny state’s economic regulator.
Published on March 10, 2015, at 11:34 a.m. ET
Talk show host Montel Williams will no further elegance daytime and late-night television in New York to market MoneyMutual, the online loan provider.
Nyc’s Department of Financial solutions stated today that MoneyMutual can pay a $2.1 million penalty and Williams has consented to not endorse its loans that are payday. MoneyMutual will even include more disclosures.
The penalty for the lender that is payday section of a lengthy running campaign by DFS and its own mind Ben Lawsky to crackdown on loan providers that use the online world to obtain around New York State’s usury guidelines and rate of interest caps. Continue reading “Montel Williams Will Minimize Advertising Payday Advances In Ny”
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