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 loan provider is refunding about $800,000 to customers to stay allegations that it steered borrowers into high-interest loans and involved in other practices that are illegal state officials stated Tuesday.

California Check Cashing Stores additionally agreed to spend $105,000 in charges along with other expenses in a permission purchase with all the state’s Department of Business Oversight, that has been cracking straight straight down on payday along with other high-cost customer loans that experts allege are predatory. More →