US FTC Reaches Settlement With Payday Loan Lead Generators.

WASHINGTON -(Dow Jones)- The Federal Trade Commission announced Tuesday that it reached a settlement with two payday loan businesses that didn't list interest rates for advertised loans.

A proposed consent agreement would bar the companies from offering loans without providing information such as the APR and from violating federal laws dealing with lending practices.

The FTC voted 4-0 to accept the consent orders. After a 30-day comment period, the commission will vote on whether to finalize the consent orders.

For more information about US FTC Reaches Settlement With Payday Loan Lead Generators, please see on nasdaq.com