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California payday lender refunds $800,000 to stay predatory lending allegations

A California payday loan provider is refunding about $800,000 to customers to be in allegations so 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 using the state’s Department of company Oversight, which was cracking straight straight down on payday as well as other high-cost customer loans that experts allege are predatory.

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