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

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 settle allegations so 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 along with other expenses in a permission purchase using the state’s Department of company Oversight, that has been cracking straight straight straight down on payday along with other cost that is high loans that experts allege are predatory. The business would not acknowledge shame within the permission purchase.