DBO Continues Crackdown on prohibited Loans in payment with car Title Lender TitleMax of Ca, Inc.
SACRAMENTO – The Ca Department of company Oversight (DBO) today finalized a settlement with car name loan provider TitleMax of Ca, Inc., continuing a crackdown that is three-year unlawful customer loans.
The settlement will deliver almost $700,000 in refunds to a lot more than 21,000 TitleMax customers and need the lender that is georgia-based spend a $25,000 penalty to eliminate allegations it regularly charged exorbitant and unlawful rates of interest and costs. Customers with questions regarding the refunds should phone 888-485-3629.
“No one should make the most of struggling customers who will be forced to sign up for loans on automobiles they desperately need,” stated Commissioner of company Oversight Manuel P. (more…)