Attorney General Shapiro Sues Out-of-State Car Title Lender for Violating PA Usury and Racketeering Laws

Attorney General Shapiro Sues Out-of-State Car Title Lender for Violating PA Usury and Racketeering Laws

Lawsuit Seeks reimbursement in excess of $3 Million in prohibited Interest to 3,200 PA customers and also the launch of Over 1,000 Remaining Title Liens

PHILADELPHIA — Attorney General Josh Shapiro today filed a lawsuit against a vehicle that is delaware-based loan provider for breaking Pennsylvania’s usury and racketeering rules.

The lawsuit alleges that Dominion handling of Delaware, Inc. And Dominion Management Services, Inc., which did business as CashPoint, issued loans with interest levels significantly more than 200 per cent – in certain full instances up to 360 per cent interest. As mentioned within the lawsuit, CashPoint loaned a lot more than $2.5 million through 3,200 unlawful name loans to Pennsylvania residents. Fortsett å lese «Attorney General Shapiro Sues Out-of-State Car Title Lender for Violating PA Usury and Racketeering Laws»