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Montel Williams out as pay day loan pitchman in nyc

Montel Williams out as pay day loan pitchman in nyc

ALBANY, N.Y. (AP) — an company that is online losing Montel Williams as the celebrity pitchman in nyc while agreeing to prevent producing leads within the state for payday advances with rates of interest often topping 1,000 %, regulators stated Tuesday.

A study discovered Las Vegas-based Selling supply LLC, conducting business as MoneyMutual, advertised unlawful loans online to New York residents, and also the business can pay $2.1 million in charges, the Department of Financial Services said.

Williams, a marine that is former hosted “The Montel Williams Show” for over a ten years, finalized a permission purchase saying he’ll stop endorsing MoneyMutual loans in ny, it stated.Read More