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<p>An ACE Cash express store in Liberty City</p>

An ACE Cash express store in Liberty City

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Payday lender hit with $10M in penalties, refunds

ACE Cash Express, which has stores in Liberty City, Opa-locka and North Miami will pay $10 million in penalties and refunds for violations in its debt collection practices. The U.S. Consumer Financial Protection Bureau struck a deal with the company, which was accused of forcing customers into taking out more loans by harassing them and threatening them with lawsuits and criminal prosecution. “This culture of coercion drained millions of dollars from cash-strapped consumers who had few options to fight back,” CFPB director Richard Cordray said in a statement.