AG Shapiro Announces Relief for 80,000 Pennsylvanians Targeted by on the web pay day loan Scheme

AG Shapiro Announces Relief for 80,000 Pennsylvanians Targeted by on the web pay day loan Scheme

Comprehensive settlement reached with Think Finance, Inc. over $133 million pay day loan scheme recharging 448% rates of interest

HARRISBURG —Attorney General Josh Shapiro today announced money with Think Finance, a national online payday loan provider, and an associated personal equity company for presumably engineering a $133 million unlawful online payday loan scheme that targeted as much as 80,000 Pennsylvania customers. The settlement will void all staying balances from the unlawful loans. Pennsylvania is just one of the leading creditors that negotiated this settlement that is comprehensive Think Finance included in its bankruptcy plan, which will be pending approval ahead of the Bankruptcy Court and subsequent approval by the U.S. Eastern District Court of Pennsylvania. (mais…)

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