Kansas City payday loan tycoon to argue his billion-dollar fine to U.S. Supreme Court

KANSAS CITY – The U.S. Supreme Court on Thursday agreed to hear an appeal by Kansas City payday loan tycoon Scott Tucker that challenges the Federal Trade Commission’s authority to demand restitution, as the agency did in his case when it obtained a $1.3 billion order against him. Lower courts have issued mixed opinions about whether the FTC, a federal watchdog agency, can order people and …