Debt Collectors, Payday Lenders Collected over $500 Million in Federal Pandemic Relief

More than 1,800 Paycheck Protection Program loans last year went to debt collectors and high-interest lenders, according to the Washington Post. The aid to these firms amounted to more than $580 million. More than 170 of those recipients have been the subject of a multitude of complaints. Twenty-five have been subject to legal enforcement or consumer alerts, many by the CFPB and the Federal Trade Commission.

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