FTC Action contributes to $4.8 Million Judgment Against Deceptive advertiser; Company Tricked Payday Loan Applicants into Buying Prepa

FTC Action contributes to $4.8 Million Judgment Against Deceptive advertiser; Company Tricked Payday Loan Applicants into Buying Prepa

During the demand associated with Federal Trade Commission, a federal court has bought Swish Marketing, Inc. to pay for significantly more than $4.8 million for tricking thousands of cash advance candidates into spending money on an unrelated debit card. The FTC is closely monitoring payday financing and other financial services to guard economically distressed customers.

Based on the FTC’s grievance, Swish Marketing, Matthew Patterson, Mark Benning, and Jason Strober operated web sites marketing short-term, or “payday,” loan matching services that purportedly matched loan applicants with lenders.

Those sites included a loan that is online kind that tricked online loan candidates into unwittingly purchasing a debit card.

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