A California payday lender is refunding about $800,000 to customers to be in allegations so it steered borrowers into high-interest loans and involved with other unlawful techniques, state officials said Tuesday.

California Check Cashing Stores additionally consented to pay $105,000 in charges as well as other expenses in a permission purchase because of the state’s Department of company Oversight, which includes been cracking straight straight down on payday along with other high-cost customer loans that critics allege are predatory. Continue reading “California payday lender refunds $800,000 to be in predatory lending allegations” →