AG Shapiro Announces Relief for 80,000 Pennsylvanians Targeted by on the web cash advance Scheme
Comprehensive settlement reached with Think Finance, Inc. over $133 million loan that is payday recharging 448% rates of interest
HARRISBURG Attorney General Josh Shapiro today announced money with Think Finance, a national online payday loan provider, plus an associated personal equity company for presumably engineering a $133 million unlawful pay day loan scheme that targeted as much as 80,000 Pennsylvania customers. The settlement will void all staying balances regarding the loans that are illegal. Pennsylvania is amongst the leading creditors that negotiated this comprehensive settlement with Think Finance included in its bankruptcy plan, that will be pending approval ahead of the Bankruptcy Court and subsequent approval by the U.S.