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CFPB Takes Action Against Check Cashing and Payday home loan company for Tricking and Trapping people

CFPB Takes Action Against Check Cashing and Payday home loan company for Tricking and Trapping people

Bureau Alleges All Check that is american cashing Costs and Pressured Borrowers into Several Loans

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today took action against All American Check Cashing, Inc., that offers check cashing and payday advances, as well as its owner, for presumably tricking and trapping customers. The CFPB alleged that All American tried to keep consumers from learning how much they would be charged to cash a check and used deceptive tactics to stop consumers from backing out of transactions in a complaint filed in federal court.