Montel Williams

Discussion in 'The Howard Stern Show' started by Nemo, Mar 11, 2015.

  1. Nemo

    Nemo Beer Can Thick Gold

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    Lawsky cracks down on lender backed by Montel Williams
    [​IMG]




    Money talks — unless you’re Montel Williams.

    The former talk show host will stop endorsing MoneyMutual’s payday loans in the Empire State after the company was slapped for illegally marketing the high-interest, short-term loans to struggling New Yorkers.

    The company will pay a $2.1 million fine, stop its online “lead generation” business in state and provide additional disclosures to customers as part of a settlement Tuesday with the Department of Financial Services.

    MoneyMutual, which is the business name of Selling Source, sold personal information of about 800,000 New Yorkers to companies making online payday loans, which are banned in New York, the DFS said.

    “Using Mr. Williams’s reputation as a trusted celebrity endorser, MoneyMutual marketed loans to struggling consumers with sky-high interest rates — sometimes in excess of 1,300 percent — that trapped New Yorkers in destructive cycles of debt,” Ben Lawsky, superintendent of the DFS, said in a statement.

    Williams, whose talk show ended in 2008, has hawked the company in commercials since at least 2010.

    “It’s your trusted source to over 60 lenders to get you up to a thousand dollars fast,” Williams, 58, said in the commercials. MoneyMutual would even be able to give borrowers “breathing room ’til payday,” he said.

    Williams left out that annual interest rates could climb as high as 82 times the legal limit for interest rates in New York, and that the company targeted repeat customers for the usurious loans, the DFS said................................
     
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  2. PSU Shower Room

    PSU Shower Room Well-Known Member

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    Gee, you'd think Sylvia Brown would have warned him.
     
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  3. Nemo

    Nemo Beer Can Thick Gold

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    Did Motel blame this on weed?
    I was high out of my mind when I signed up for this...right Robin
     
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  4. Boomer

    Boomer Who is your daddy and what does he do?

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    Every one of those lenders are scams.
     
  5. Shortwave98

    Shortwave98 A-Number 1 Banned User

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    He's hawking payday loans now? Geez, what a scumbag!
     
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  6. Nemo

    Nemo Beer Can Thick Gold

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    I was doodling but I think I heard a similar shady commercial during the Stern show the other day sandwiched between a Tommy John commercial and a Ashley Madison commercial.
     
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  7. scoobyla

    scoobyla Well-Known Member

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    its sad when mutli millionaires sell out for just a few extra bucks.
    selling out for the mulit-million i would understand
     
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  8. smichal

    smichal A1 Dick Game

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    she died
     
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  9. smichal

    smichal A1 Dick Game

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    [​IMG]
     
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  10. smichal

    smichal A1 Dick Game

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    [​IMG]
     
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  11. smichal

    smichal A1 Dick Game

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    [​IMG]
     
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  12. Jayla

    Jayla Ou ai-je l'esprit? Gold

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    :giggle:
     
  13. FishySausage

    FishySausage Original Nuttah VIP Gold

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    Totally. I remember the first time I saw the commercial thinking "way to ruin your credibility, douche"
     
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  14. Jayla

    Jayla Ou ai-je l'esprit? Gold

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    I saw that coming.
     
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  15. Shortwave98

    Shortwave98 A-Number 1 Banned User

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    Last time I saw anything from him was for the juicer. His payday loan store must not be in my area.
     
  16. PSU Shower Room

    PSU Shower Room Well-Known Member

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    add that to the list of things she didn't see coming.
     
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  17. Shortwave98

    Shortwave98 A-Number 1 Banned User

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    He didn't get the word that her credibility was shot before then.
     
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  18. smichal

    smichal A1 Dick Game

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    remember when those 3 girls were kidnapped in Cleveland?
    She told 1 of the girls' mom that she was dead. :mad:
     
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  19. Shortwave98

    Shortwave98 A-Number 1 Banned User

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    That's what did it.
     
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  20. FishySausage

    FishySausage Original Nuttah VIP Gold

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    Wait...so her psychic powers weren't real???
     
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