There were 20,000 registered complaints
against payday lenders in 2012 The Archbishop of Canterbury is leading a fight against legal loan sharks amid reports... More
In March, a Reuters investigation found that the agency had also dropped a lawsuit lawyers were preparing to
file against another payday lender, called National Credit Adjusters, and that Mulvaney was weighing the possibility of halting lawsuits against three others.
For example, some
settlements against payday lenders provide vouchers for redemption for future payday lending services, which only serve to perpetuate the spiral of consumer debt.
Case highlights include an industry - wide investigation into motorcycle insurance rating practices which forced fifteen auto insurance companies to refund nearly $ 40 million to tens of thousands of motorcycle owners, as well as
actions against payday lenders, student lending and financial aid advisory services, credit unemployment insurance providers, and double - dipping insurance agencies.
There were 20,000 registered
complaints against payday lenders in 2012 The Archbishop of Canterbury is leading a fight against legal loan sharks amid reports that the Church of England may be attempting to buy more than 300 branches of the Royal Bank of Scotland.