Payday loan providers settle SC course action lawsuit
Friday
A $2.5 million payment is hit within the 2007 course action lawsuit brought by sc borrowers up against the state’s payday financing business.
The sweeping contract could give tiny settlement claims — about $100 — for anybody who took away a short-term, high-interest pay day loan with such loan providers as Spartanburg-based Advance America, look at Cash of sc and much more than a dozen other people between 2004 and 2009. (mais…)