A $2.5 million settlement was reached within the 2007 course action lawsuit brought by sc borrowers from the state’s payday financing industry.
A $2.5 million settlement was reached when you look at the 2007 course action lawsuit brought by sc borrowers resistant to the state’s payday financing industry.
The agreement that is sweeping produce tiny settlement claims вЂ” about $100 вЂ” for anyone whom took down a short-term, high-interest cash advance with such lenders as Spartanburg-based Advance America, Check Into Cash of sc and much more than a dozen other people between 2004 and 2009.
Richland County Circuit Judge Casey Manning first must accept the regards to the settlement. A fairness hearing on that matter is planned for Sept. 15. Continue reading