California payday lender refunds $800,000 to stay predatory lending allegations

California payday lender refunds $800,000 to stay predatory lending allegations

A California payday lender is refunding about $800,000 to customers to be in allegations so it steered borrowers into high-interest loans and involved with other unlawful methods, state officials said Tuesday.

California Check Cashing Stores additionally consented to spend $105,000 in charges as well as other expenses in a permission purchase with all the state’s Department of company Oversight, that has been cracking straight down on payday along with other high-cost customer loans that experts allege are predatory. Continue reading “California payday lender refunds $800,000 to stay predatory lending allegations”