A California payday loan provider is refunding about $800,000 to customers to be in 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 with all 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. The business would not acknowledge guilt into the permission purchase.