California Supreme Court Holds That High Interest Levels on Payday Advances May Be Unconscionable

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On August 13, 2018, the Ca Supreme Court in Eduardo De Los Angeles Torre, et al. v. CashCall, Inc., held that rates of interest on customer loans of $2,500 or maybe more might be discovered unconscionable under area 22302 associated with Ca Financial Code, despite perhaps maybe not being at the mercy of particular statutory interest caps. Continue reading