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not a payday loan

Herrera Sues Storefront ‘Payday Lenders' for Prohibited Company Techniques, Deceptive Advertising

Illegal Lending Schemes by Check ‘n Go, Money Mart Target Low-Income Borrowers With Interest Exceeding 400 Percent APR

City Attorney Dennis Herrera today filed suit against storefront lending organizations Check ‘n Go and Money Mart, as well as their online affiliates as well as an associated out-of-state bank, for illegal, unjust and fraudulent company methods stemming from their advertising of short-term installment loans at illegal rates of interest to low-income borrowers. The lawsuit names Wilmington, Del.-based First Bank of Delaware (OTC:FBOD) as a defendant for aiding and abetting the storefront institutions' illicit lending schemes in addition to Check ‘n Go, Money Mart and its affiliates.