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Posted On December 10, 2020 In Investigation With 48 Views

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

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

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

HARRISBURG Attorney General Josh Shapiro today announced cash with Think Finance, a national payday that is online provider, plus an associated individual equity business for presumably engineering a $133 million illegal unsecured guarantor loan scheme that targeted up to 80,000 Pennsylvania clients. The settlement will void all remaining balances in the loans which can be unlawful. Pennsylvania is one of the leading creditors that negotiated this settlement that is comprehensive Think Finance contained in its bankruptcy plan, and that can be approval that is pending of this Bankruptcy Court and subsequent approval because of the U.S. (more…)

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