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

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

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 practices that are illegal state officials stated Tuesday.

California Check Cashing Stores additionally consented to spend $105,000 in charges as well as other expenses in a permission order utilizing the state’s Department of company Oversight, which was cracking straight straight straight down on payday along with other high-cost consumer loans that experts allege are predatory. Read More