Federal District Court Grants FTC Request, Halts Online Payday Operation

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On August 29, the U.S. District Court for the Northern District of Illinois ordered an online payday loan operation to cease business activities and freeze assets in response to a complaint and memorandum filed by the FTC on August 27. Federal Trade Commission v. Caprice Marketing, LLC, No. 13-cv-6072 (N. Dist. Ill. Aug. 29, 2013). The FTC alleges that the defendants obtained sensitive personal and financial information from consumers by falsely representing that such information would be used to match consumers with payday lenders but instead used the information to make unauthorized withdrawals from consumer accounts.


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