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.”