State attorney general announces relief for 80,000 Pennsylvanians targeted by pay day loan scheme

State attorney general announces relief for 80,000 Pennsylvanians targeted by pay day loan scheme

HARRISBURG — Attorney General Josh Shapiro today announced money with Think Finance, a national payday that is online, as well as an associated personal equity company for allegedly engineering a $133 million unlawful pay day loan scheme that targeted as much as 80,000 Pennsylvania consumers.

The settlement will void all balances that are remaining the unlawful loans, Shapiro’s statement stated. Pennsylvania is just one of the leading creditors that negotiated this comprehensive settlement with Think Finance included in its bankruptcy plan, which can be pending approval ahead of the Bankruptcy Court and subsequent approval because of the U.S. (more…)

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