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

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

California Check Cashing Stores also consented to spend $105,000 in charges along with other expenses in a permission purchase with all the state’s Department of company Oversight, which was cracking straight straight down on payday as well as other high-cost customer loans that critics allege are predatory. Continue reading