Category Archives: low interest installment loans

Pay day loans like ace cash express violated Ca’s check cashing guidelines

Contact: Linda Sherry or Ken McEldowney, 415-777-9648 James C. Sturdevant, The Sturdevant lawyer, 415-477-2410

Lawsuit fees that ACE violated Ca’s check cashing guidelines

Might 22, 2003 – bay area, CA – customer Action today filed a lawsuit today in San Francisco Superior Court against ACE money Express Inc., alleging that ACE is breaking Californiacheck cashing laws and regulations by attempting to sell short-term loans at inflated and interest that is illegal to naive customers. ACE could be the owner that is largest, operator and franchiser of check-cashing stores in america, and has or controls a community greater than 1,100 shops nationwide. Customer Action is represented because of The Sturdevant lawyer and Sheldon V. Burman.

For several years, ACE happens to be focusing on low- and moderate-income families with a check cashing solution provided by its shops. In fact, this is actually the short-term loan of a tiny bit of cash at a rather interest rate that is high. ACE encourages these loans, referred to as “deferred-deposit” or “payday” loans, to individuals that are cash-strapped need of some hundred bucks.

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