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Payday Loan Group Slapped With Record $1.3B Fine for 700 Percent Lending Rates
Monday, October 10, 2016 6:25
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Payday Loan Group Slapped With Record $1.3B Fine for 700 Percent Lending Rates In one example, lending documents indicated that a customer who borrowed $500 would only have a finance charge of $150, for a total payment of $650 — but the actual finance charge was $1,425. In a decision late on Friday, Chief Judge … Read more
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Source: http://4closurefraud.org/2016/10/10/payday-loan-group-slapped-with-record-1-3b-fine-for-700-percent-lending-rates/
