The Hydra Group Uses Phony Payday Loans to Illegally Access Consumer Bank Accounts
WASHINGTON, D.C.—(ENEWSPF)—September 17, 2014. Today the Consumer Financial Protection Bureau (CFPB) announced its action to halt the operations of an online payday lender, the Hydra Group, which it believes is running an illegal cash-grab scam. The lawsuit alleges that the Hydra Group uses information bought from online lead generators to access consumers’ checking accounts to illegally deposit payday loans and withdraw fees…
