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The firm and Mr. Purjes were also ordered to refund customers $1.5 million plus $750,000 in interest that had accumulated since June 1996.
Britain's second biggest payday lender has been ordered to refund £15.4m to 147,000 customers after regulators found it was lending more to borrowers than they could afford to repay.
Earlier this year, industry giant Lumosity was fined $2m, and ordered to refund thousands of customers who were duped by false claims that the company's products improve general mental abilities and slow the progression of age-related decline in mental abilities.
Wonga, easily the biggest player in the market, was forced to write off £220m of loans in October 2014, while the second biggest, Dollar Financial (owners of The Money Shop), was ordered to refund £15.4m in the same month to 147,000 customers after regulators found it was lending more to borrowers than they could afford to repay.
However after a bitter legal battle, which saw experts on both sides have their say, the court decided that "on balance" it thought it was not; Christie's was ordered to refund the buyer and had to pay an extra £1m ($1.5m) in costs.
Ms Gachara was ordered to refund $340 000 and sentenced to jail, but the legal outcome was subverted by a presidential pardon that freed her after only a few months.
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The Federal Energy Regulatory Commission has ordered generators to refund nearly $130 million in what it judged to be overcharges.
Separately, a United States Department of Housing and Urban Development audit ordered Nassau to refund nearly $1.2 million in aid that his agencies had spent in violation of federal rules; the county is disputing the findings and the order.
Federal officials, who in March ordered Nassau County to refund $1.2 million in aid for community development programs spent in violation of various rules, have reduced that amount by about $300,000.
Bruce Lambert (NYT) GARDEN CITY: HUD REDUCES AMOUNT NASSAU OWES Federal officials, who in March ordered Nassau County to refund $1.2 million in aid for community development programs spent in violation of various rules, have reduced that amount by about $300,000.
Authorities then issued a blanket ban halting screenings and ordering cinemas to refund filmgoers.
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