Naito Corp News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The owners and operators of a vast payday lending scheme that overcharged consumers millions of dollars will be permanently banned from the lending industry under the terms of a settlement with the Federal Trade Commission. The settlement also provides that nearly all outstanding debt made up entirely of illegal finance charges held by the company will be deemed as paid in full.
The scheme, which was operated online under the names Harvest Moon Financial, Gentle Breeze Online, and Green Stream Lending, used deceptive marketing to convince consumers that their loans would be repaid in a fixed number of payments. The FTC’s complaint alleged that the company instead continued to draw millions of dollars in payments from consumers’ bank accounts long after the loans’ original principal amount and stated repayment cost had been repaid, and would do so until consumers completely closed their bank accounts or found some other way to cut off payments. ....

United States , Keishi Ikeda , Daniel Kaufman , Takehisa Naito , Ebisu Marketing Inc , Camel Coins Inc , Bureau Of Consumer Protection , Hotei Marketing Inc , District Court , Us District Court , Daikoku Marketing Inc , Sea Mirror Inc , Naito Corp , Kotobuki Marketing Inc , Federal Trade , Harvest Moon Financial , Gentle Breeze Online , Green Stream Lending , Acting Director , Lead Express , Camel Coins , Sea Mirror , Kotobuki Marketing , Ebisu Marketing , Hotei Marketing , Daikoku Marketing ,