BANKING

FTC Charges Money Store: The Money Store Inc. and subsidiaries in 15 states, including one based in Encino, have been charged with misrepresenting their interest rates to second-mortgage customers, the Federal Trade Commission said. There was “a clear and consistent pattern or practice of violations,” the FTC said in its complaints. It alleged that the company failed to accurately disclose to its customers how much they were paying for their loans. The company will have to refund more than $1.1 million to borrowers if a proposed consent agreement becomes final early next year.