Home / News Stories / ‘Arrogant defiance’ (access required)

‘Arrogant defiance’ (access required)

Lender hit with $300K in punitives for bankruptcy practices

Struggling con­sumers in­creasingly are seeking finan­cial help from online lenders, but consumer lawyers warn the relief may be only temporary. High interest rates and fees, levied through relentless bank with­drawals, sometimes bring consumers to the bankruptcy they hoped to avoid, lawyers say. A team of attorneys last month won substantial penalties against one in­ternet loan company ...