The organization has also been purported to have “illegally forcing borrowers to consent to repay their loans through pre-authorized Automated Clearing House (ACH) repayments.

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Integrity Advance, LLC, James R. Carnes (CEO)

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Enforcement, Payday Advances

In 2015, the CFPB took action against “online payday lender” Integrity Advance, LLC as well as its CEO, James R. Carnes, for “allegedly deceiving customers concerning the price of short-term loans.” The CFPB alleged Integrity Advance “did maybe not reveal the expense customers would unfairly pay” and used remotely produced checks” to charge clients’ “bank accounts even with the consumers revoked authorization for automated withdrawals.” Carnes appealed the administrative lawsuit that sought “$38.1 million in restitution” and civil charges against him, and also this instance remains detailed as active.

  • Integrity Advance, LLC is Newark, Delaware-based payday loan provider that operated on the web. The business originated and serviced “short-term loans to customers all over nation. during the time of this case” Carnes is a businessman based out from the Mission Hills, Kansas. Jeff Blumenthal, “CFPB charges Delaware-based online loan provider with deceiving customers about loan costs,” Philadelphia Business Journal, 11/19/15; Dave Helling, “Campaign money from pay day loan industry under scrutiny in Missouri, Kansas races,” The Kansas City celebrity, 11/01/16
  • In accordance with the CFPB, “the business offered loans which range from $100 to $1,000, and customers typically sent applications for the loans by entering their private information into a lead generator site.” This method happened from “May 2008 through December 2012.” Jeff Blumenthal, “CFPB charges Delaware-based online loan provider with deceiving customers about loan costs,” Philadelphia Business Journal, 11/19/15
  • The “administrative lawsuit” alleged “that the agreements of Integrity Advance, run by CEO James R. More