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. Continua a leggere Herrera Sues Storefront ‘Payday Lenders’ for Prohibited Company Techniques, Deceptive Advertising