Cash advance store had been sued by the state for failing continually to protect their clients’ information.

Cash advance store had been sued by the state for failing continually to protect their clients’ information.

On Monday we blogged about AB 377 (Mendoza), which may allow Californians to publish a individual check for as much as $500 to secure a quick payday loan, up dramatically through the current optimum of $300. Under this proposed modification, a debtor whom writes a $500 check to a payday lender would obtain a $425 loan – which must certanly be repaid in complete in only a couple of weeks approximately – and spend a $75 charge. Continue reading “Cash advance store had been sued by the state for failing continually to protect their clients’ information.”