Prohibited Lending Schemes by Check n Go, cash Mart Target Low-Income Borrowers With Interest Exceeding 400 Percent APR
BAY AREA (April 26, 2007)??? City Attorney Dennis Herrera today filed suit against storefront financing institutions check always n Go and cash Mart, using their online affiliates along with an associated bank that is out-of-state for illegal, unjust and fraudulent business methods stemming from their advertising of short-term installment loans at unlawful interest best payday advances in better London amounts to low-income borrowers. [Read more…]