California Supreme Court Holds That Tall Interest Levels on Payday Advances May Be Unconscionable

California Supreme Court Holds That Tall Interest Levels on Payday Advances May Be Unconscionable

On August 13, 2018, the Ca Supreme Court in Eduardo De Los Angeles Torre, et al. v. CashCall, Inc., held that interest levels on customer loans of $2,500 or maybe more could possibly be discovered unconscionable under part 22302 associated with the Ca Financial Code, despite perhaps maybe not being susceptible to certain statutory rate of interest caps. Continue reading “California Supreme Court Holds That Tall Interest Levels on Payday Advances May Be Unconscionable”