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AG Shapiro Announces Relief for 80,000 Pennsylvanians Targeted by Online cash advance Scheme

AG Shapiro Announces Relief for 80,000 Pennsylvanians Targeted by Online cash advance Scheme

Comprehensive settlement reached with Think Finance, Inc. over $133 million loan that is payday billing 448% rates of interest

HARRISBURG —Attorney General Josh Shapiro today announced funds with Think Finance, a national payday that is online, plus an associated personal equity company for presumably engineering a $133 million unlawful pay day loan scheme that targeted up to 80,000 Pennsylvania customers. The settlement will void all staying balances regarding the unlawful loans. Pennsylvania is among the leading creditors that negotiated this settlement that is comprehensive Think Finance as an element of its bankruptcy plan, which can be pending approval ahead of the Bankruptcy Court and subsequent approval by the U.S. Read More…