A California jewelry store has been charged with targeting young sailors and Marines with predatory loans to pay for their purchases. “The cost of what should be a beautiful gift to someone in your family, when you go to a jewelry store, became a nightmare for service members,” he said. According to Becerra, if the service members fell behind in their payments, the companies employed illegal debt collection practices, the Union-Tribune reported. It also claimed the Abalkhads created a fake law firm that would often call the service members and harass them and threaten legal action until the loan was repaid. It was unclear how many service members were affected.

Source: Fox News October 04, 2017 09:57 UTC