Four Oaks Bank Cuts Deal with Dept. of Justice

Four Oaks Bank cut a deal with the DOJ regarding alleged illegal, online payday loans.  Long story short, the DOJ is choking off access to the ACH network for online lenders who are not licensed in the states where they operate.   What’s next?

You can read the full article here: Four Oaks Bank agrees to $1M fine to settle DOJ suit.



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