Category Kent Payday Loans Laws

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DBO launches research into feasible evasion

The California Department of company Oversight (DBO) launched a formal research into whether prominent car title loan provider Wheels Financial Group, LLC, which does company as LoanMart, is evading California’s newly-enacted rate of interest caps through its present partnership by having an out-of-state bank. “I applaud the Legislature’s action to protect susceptible customers by breaking …

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