NY Payday Loan Probe Expands Into Online Marketers

Email Professional email required. A verification email will be sent to your address before you can access your trial. I received basically the same type of call. Download our plug-in for Chrome to get customizable, real-time news alerts. Consumers who believe that they have been the victim of a payday loan company or lead generation firm operating unlawfully or if a debt collector is seeking to collect on an illegal payday loan can file a complaint with the Department of Financial Services at

Bahamas Marketing Group


BBB's Business Review for Bahamas Marketing Group, Business Reviews and Ratings for Bahamas Marketing Group in Omaha, NE. Payday Loans Licensing, Bonding or Category: Payday Loans. Jun 19,  · Loans Bahamas Marketing Group Customer Service Harrassment Bahamas Marketing Group / Harrassment. 1 United States Review updated: Jun 19, from a company called "CMG", that was a subsiderary of "Bahama Marketing Group, and that I owed them $ for an unpaid payday loan. I asked what was the name of this payday loan and they would 1/5. I got a call from a Kevin (did not understand last name) claiming to be from Bahamas Marketing Group telling me I owed $ on a back payday loan (original amount was $).

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In August , DFS demanded that 35 companies cease and desist offering illegal payday loans online in violation of New York law. The majority of these companies at least 23 have already ceased business in New York after receiving the letters from DFS.

Governor Cuomo also announced in August that Superintendent Lawsky sent letters to banks as well as NACHA, which regulates the use of the Automated Clearing House ACH network and whose board includes representatives from a number of those banks requesting that they work with DFS to cut off access to New York customer accounts for payday lenders operating unlawfully.

Additionally Superintendent Lawsky sent a letter in August to all debt collection companies operating in New York specifically directing them not to collect on illegal payday loans from the companies DFS investigation had identified to date, since such loans are null and void. A list of the 16 lead generation companies to which DFS issued subpoenas is included below. DFS is demanding a range of materials as part of its ongoing investigation, including marketing materials, contracts for sales of consumer information and privacy policies.

Consumers who believe that they have been the victim of a payday loan company or lead generation firm operating unlawfully or if a debt collector is seeking to collect on an illegal payday loan can file a complaint with the Department of Financial Services at DFS has also posted information on its website for consumers about combating illegal online payday loans, which is available at the following link.

Consumers can avoid prepaid card and other scams associated with payday loan lead generation websites with these simple precautions:. Consumers can avoid prepaid card and other scams associated with payday loan lead generation websites with these simple precautions: Be aware of the heightened risk of scams associated with payday loan lead generators.

Lead generators will usually identify themselves in small print at the bottom of their webpages by stating that they are not lenders but will match consumers with a network of lenders. Do not provide sensitive personal information such as your Social Security number or bank account number using online forms for payday lenders or payday loan lead generators. Never pay upfront fees such as a bank fee using a prepaid card as a condition for receiving a loan.

Do not be intimidated by harassing phone calls or threats of prosecution or other legal action if you do not pay fees associated with payday loans. Report these calls to DFS along with the website that received your personal information. Take steps to guard against identity theft. Check your credit report regularly for suspicious activity you can get a free credit report from each of the Big Three credit reporting agencies through www.

Consider placing a security freeze or credit alert on your credit report if you are or think you may be a victim of identity theft. If you have been a victim of identity theft, contact your local police department immediately and save a copy of the police report. A program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. Foreign websites steal our content. Advertisers above have met our strict standards for business conduct. Bahamas Marketing Group - Internet. I never even heard of this company until to day. No properties were offered for serveral weeks. Called them for a full refund and was told that it would take days to process. Continued to call and e-mail. Aproved my loan 0f wired 4month colateral payment of dollars.

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We Need Your Help! Thu, December 18, Updated: Wed, April 20, Reported By: Bahamas Marketing Group www. Bahamas Marketing Group Ripoff This company called in November as well as December of 08 indicating that I owe money to this company in which I never heard of these people before. Calls from legal places about BMG group.