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Herrera’s payday lender instance nets $7.7 million for borrowers — at zero cost to taxpayers

Herrera’s payday lender instance nets $7.7 million for borrowers — at zero cost to taxpayers

Check ‘n Go and cash Mart litigation settlement secures direct restitution to overcharged customers, used revolutionary social media marketing outreach strategies

SAN FRANCISCO BAY AREA — City Attorney Dennis Herrera today announced that significantly more than 2,000 claimants for restitution from storefront payday loan provider Check ‘n Go will start getting reimbursement checks this week as a consequence of their workplace’s customer protection litigation settlement and statewide program that is outreach. All Check ‘n Go claimants are required to get their reimbursement checks — totaling almost $2.2 million — by the finish regarding the thirty days, in accordance with the settlement administrator that is independent. The re re payments to test ‘n Go borrowers conclude a significant customer security effort by Herrera’s workplace that formerly netted a lot more than $5.5 million in comparable refunds from payday lender Money Mart/Loan Mart for many 8,100 claimants statewide.