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

The nonprofit community development financial institution, based in Rhode Island, specializes in small-dollar loans with significantly lower interest rates than payday lenders......»»

A company managed by W. Allan Jones, the founder and CEO of payday lender Check Into Cash, sold a Palm Beach mansion along the Intracoastal Waterway for $26.74 million. Jones Lakeland LLC, managed by Cleveland, Tennessee resident Jones, sold t.....»»

Chicago-based lender Guaranteed Rate has agreed to pay the government $15 million to settle a federal whistleblower lawsuit alleging it knowingly made false claims to get gover.....»»

Payday lending is illegal in North Carolina, but that hasn't stopped some lenders from offering services to desperate residents looking for quick cash......»»

SACRAMENTO, Calif. (AP) — California lawmakers approved legislation Friday to cap interest rates for consumer loans, a measure that supporters say is designed to blunt predatory lending practices......»»

SACRAMENTO, Calif. (AP) — California lawmakers approved legislation Friday to cap interest rates for consumer loans, a measure that supporters say is designed to blunt predatory lending practices......»»

The lawyer behind the rise of Scott Tucker’s Overland Park-based payday lending empire won’t be let out of a Pennsylvania prison while he appeals his 2017 conviction in the scheme. Timothy Muir claims that the trial judge erred in jury instruct.....»»

KH Funding CA, LLC, an affiliate of Connecticut-based Knighthead Funding, LLC, a newly licensed lender in California, has originated its first three loans in the state totaling $13.85 million. The financings were secured by developme.....»»

Proposed legislation aims to curb predatory payday lending that cripples low-income households, while adding billions in revenue to the struggling U.S. Postal Service......»»

Two American Indian tribes reached settlements Tuesday for their ties to Scott Tucker's payday lending operation that defrauded borrowers, The Kansas City Star reports.  The U.S. Attorney for the Southern District of New York said Tuesday that the M.....»»

Prime Healthcare Services and its CEO will pay $65 million to settle allegations the California-based hospital system unnecessarily admitted Medicare patients and falsely billed the federal health-insurance program......»»

Predatory lending .....»»

Scott Tucker's lending scheme took $2 billion from millions of consumers -- now some are getting refunds.....»»

Today The Consumer Financial Protection Bureau said that it will propose changes in January to the underwriting provisions of the agency’s rules for payday lenders AKA predatory lenders as well as to when th.....»»

The company, which operates under the Spectrum brand name and includes the former Time Warner Cable, will pay $62.5 million in direct refunds to customers......»»

Californians have left millions of dollars in unclaimed tax refunds from 2020 with the Internal Revenue Service. And if they don't.....»»

U.S. SBC Hearing On Predatory Rent-A-Bank Lending .....»»

The company behind the Satan Shoes will offer to repurchase the customized sneakers from consumers, resolving a lawsuit filed by Nike Inc. after the footwear created a social media splash......»»

The results come from an analysis of government data by Harvard Law School’s Project on Predatory Student Lending......»»

California's insurance commissi.....»»