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 loan provider is refunding about $800,000 to customers to stay allegations 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 along with other expenses in a permission purchase aided by the state’s Department of company Oversight, which includes been cracking straight straight down on payday along with other high-cost customer loans that experts allege are predatory. Continue reading