Herrera’s payday lender situation nets $7.7 million for borrowers — at zero expense to taxpayers

Herrera’s payday lender situation nets $7.7 million for borrowers — at zero expense to taxpayers

Check ‘n Go and cash Mart litigation settlement secures direct restitution to overcharged customers, used revolutionary social networking outreach strategies

SAN FRANCISCO BAY AREA — City Attorney Dennis Herrera today announced that significantly more than 2,000 claimants for restitution from storefront payday loan provider Check ‘n Go begins getting reimbursement checks this week due to their workplace’s customer security litigation settlement and statewide program that is outreach. All Check ‘n Go claimants are anticipated to get their reimbursement checks — totaling almost $2.2 million — by the finish associated with the thirty days, in accordance with the separate settlement administrator. (mais…)

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