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

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

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

California Check Cashing Stores additionally consented to spend $105,000 in charges and other expenses in a permission purchase using the state’s Department of company Oversight, which includes been cracking down on payday along with other high expense customer loans that experts allege are predatory.