California Attorney General Sues Payday Loan Company ( Fast Cash) For $2 Million: " Attorney General Bill Lockyer today filed a $2 million-plus lawsuit against Los Angeles County-based Fast Cash for violating a state law that prohibits payday loan businesses from suing for triple the amount of the check when customers’ bank accounts do not hold sufficient funds. Fast Cash extorted outrageous amounts of money from its customers,” said Lockyer. “They threatened lawsuits, tried to squeeze settlements, and, when that did not work, they deceived the court into a rendering a judgment. Fast Cash could have made a lawful living. Instead, they chose fear and deceit. We will continue ridding this industry of similar frauds.”"
Wednesday, August 02, 2006
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