Categories
onlinepaydayloansohio.org Online Payday Loans

Herrera Sues Storefront ‘Payday Lenders’ for Prohibited Company Techniques, Deceptive Advertising

Herrera Sues Storefront ‘Payday Lenders’ for Prohibited Company Techniques, Deceptive Advertising

Illegal Lending Schemes by Check Go, Cash Mart Target Low-Income Borrowers With Interest Exceeding 400 Percentage APR

BAY AREA (April 26, 2007) — City Attorney Dennis Herrera today filed suit against storefront financing institutions always check Go and cash Mart, as well as their online affiliates plus an associated out-of-state bank, for illegal, unjust and fraudulent company methods stemming from their advertising of short-term installment loans at illegal rates of interest to low-income borrowers.