Arquivo da Categoria: 1St Payday Loan

Attorney General Cuomo Announces Distribution Of $5.2 Million Payment In “rent-a-bank” Payday Lending Scheme

NY, NY (November 17, 2009) – Attorney General Andrew M. Cuomo today announced a $5.2 million settlement is supposed to be distributed to New Yorkers previously victimized by two organizations running loan that is‘payday schemes.

The 2 businesses, County Bank of Rehoboth Beach, Delaware (“County Bank”), and TC Services Corporation d/b/a Telecash, an out-of-state financial business that operated an illegal “payday loan” scheme, consented to spend the refunds to ny customers and yet another $300,000 in charges and expenses. Continue lendo