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The Federal Trade Commission announced this week it really is suing a customer data broker that offered pay day loan application information to scammers whom utilized the info to pull cash away from customer bank records. The scam brings in your thoughts an underground identification theft solution we penned about in 2012 which was gathering its information from the system of pay day loan internet internet sites.
вЂњAt minimum some of those marketers, Ideal Financial Options вЂ“ a defendant an additional FTC situation вЂ“ allegedly utilized the data to withdraw vast amounts from customers accounts that are their authorization,вЂќ the FTC stated.
The FTC charges that the defendants offered approximately five per cent of those loan requests to online loan providers, whom paid them between ten dollars and $150 per lead. Continue Reading…