American Web Loan Issues Statement in Wake of Law Suit Filed Against Ideal Financial Solutions
OKLAHOMA CITY, OK, Feb 22, 2013 (MARKETWIRE via COMTEX) --
American Web Loan (www.americanwebloan.com) has issued a statement
in connection with the recent lawsuit filed by the FTC against online
marketer Ideal Financial Solutions for alleged unauthorized debiting
of customer accounts as well as Ideal Financial Solutions' alleged
practice of charging application fees to obtain small dollar loans.
The complaint is available here:
Statement from Jamie Schumann, Managing Director of American Web Loan
in reference to FTC Lawsuit filed against Financial Solutions.
AWL supports any action designed to protect consumers from fee
cramming while protecting consumer access to their own choice of
financial products and services.
American Web Loan is committed to industry best practices as set
forth by the Online Lenders Alliance and the Native American
Financial Services Association (NAFSA) and to ensure a positive
client experience. Our company joins with the Online Lenders Alliance
(OLA) in protecting consumers from 'fee-cramming' and providing
consumers access to the loan product and service that best meets
their financial needs.
There must never be a situation where a customer has to pay to apply
to receive a loan. As a member of both OLA and NAFSA, American Web
Loan ensures that we will never charge any fees to customers prior to
We encourage consumers who feel they have fallen victim to a
"fee-cramming" operation to contact their local law enforcement
authorities and the Federal Trade Commission. Questions or concerns
can also be directed to OLA's consumer hotline: 866-299-7585.
About American Web Loan:
American Web Loan is a tribal lending
company that is wholly owned by the Otoe-Missouria Tribe of Indians
and its members, a sovereign nation located within the United States
of America. AWL is dedicated to providing short-term financial
solutions to Americans in need. Since its formation in 2010, American
Web Loan has built a nationwide reputation for spearheading the
industry's most innovative financial products backed by a singular
commitment to client service excellence. The company combines an
unparalleled team of experienced and dedicated financial
professionals with state-of-the-art online technologies to
successfully meet emergency financial needs. In addition to its
sought-after portfolio of loan choices, American Web Loan offers
comprehensive customer loyalty and financial education programs
expressly designed to help solve money challenges in the short-term
and improve clients' lives in the long-term. American Web Loan is a
member of The Native American Financial Services Association (NAFSA),
formed in 2012 to advocate for Native American sovereign rights and
enable tribes to offer responsible online lending products.
SSA Public Relations
SOURCE: American Web Loan
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