SACRAMENTO – The Ca Department of company Oversight (DBO) today filed an action (PDF) to void loans and revoke the licenses of Fast Money Loan, a prominent Southern California car name lender, for numerous and consistent violations of this state’s lending rules.
The longer lender that is beach-based charged customers more interest and costs than allowed by legislation, did not consider borrowers’ capacity to repay as needed, openly utilized its unlawful not enough underwriting as an advertising device, involved with false and deceptive advertising, operated away from unlicensed places, and didn’t maintain required documents that will report its unlawful task, the DBO’s accusation alleges. 继续阅读DBO Moves to Void Loans and Revoke Licenses of car Title Lender Fast Money Loan