Former sportscar driver and champion Scott Tucker received unpleasant news on Friday when a Nevada U.S. District Court judge ruled the payday lending magnate must pay a fine of $1.266 billion to the Federal Trade Commission for deceptive business practices that defrauded as many as 4.5 million customers.As reported by...

Reuters reports that the FBI has confirmed the arrest of sportscar champion Scott Tucker and one of his lawyers, Timothy Muir, following a probe related to payday lending entities that authorities claimed Tucker controlled, including AMG Services Inc.The arrests followed a related lawsuit by the Federal Trade Commission that sought...