Moneytree Agrees to pay for $500,000 to keep Alleged Payday Loan Violations

Moneytree, a payday lender and constantly check cashing solution that operates in many states, has made a decision to invest a penalty, to make restitution to its consumers, and to stop doing practices that federal regulators known as unlawful. The client Financial Protection Bureau (CFPB) reported that Moneytrees on line ads have been misleading and therefore it delivered borrowers collection letters containing misleading threats.