FTC Mails Checks to Victims of Alleged Payday Loan Scheme
The FTC is mailing a second round of checks to people who lost money to an alleged payday loan scheme. According to the FTC’s lawsuit, CWB Services and related defendants created fake payday loan agreements and then debited finance fees from people’s bank accounts without their permission. The FTC also alleged that—even in cases where people actually applied for the payday loans—the defendants charged more than they said they would.
The first round of checks mailed in February 2018. Because money still remains in the fund, the FTC is mailing an additional 31,847 checks totaling more than $900,000 to people who cashed their first check.
If you get a check, please cash it within 60 days.
If you have questions about the case, please call the refund administrator at 888-521-5208.