California Supreme Court Deals Blow to Payday Lenders

California Supreme Court Deals Blow to Payday Lenders

By Grace Austin

The Ca Supreme Court has dealt a blow that is major payday lenders within the Golden State and exposed the short-term loan market as much as future legal actions.

This Monday, the state Supreme Court said rates on larger loans can be “unconscionable,” so much so that they are illegal in a unanimous ruling. Continue reading “California Supreme Court Deals Blow to Payday Lenders”