Online Payday Loan Company Reaches Settlement
Payday lender settles suit
An online payday loan company must pay all of its Wisconsin customers $329 and forgive all of their loans after a class-action lawsuit was settled out of court. Tremont Financial LLC denies any wrongdoing.
The company also is prohibited from issuing any further loans in the state of [...]
Payday Loans and Free Choice Abused By GA, NH Lawmakers
Georgia payday loans class action settled
Payday loans should work for all. But a recent press release from Advance America today announced that they have settled a class action lawsuit in Georgia that resolves all claims against them in connection with any payday loan transactions in that state. Operations in Georgia [...]
Payday Advance Loan Store Closing Shop in New Hampshire
Advance America shutting down
Borrowers in New Hampshire will have one fewer source for payday advance loans after Advance America closes all 24 locations in the state. Last year the New Hampshire legislature passed a law that capped interest rates on payday loans at 36 percent, and that has now led [...]
New Hampshire Payday Loans Saved By New Product?
No Competition
The face of payday loans in New Hampshire is changing, and consumers in need are in a position to reap the benefits. But Advance America is eager to point out that their new product is not payday loans, but a “Credit Line Product.” Whatever you call it, it is [...]
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