Topic: $300 Payday Advance - Payday loan customer can sue, judge says - Palm Beach Post
Judge Elizabeth Maass' ruling paves the way for Kelly to join with others in a class-action lawsuit against McKenzie Check Advance of Florida, a business desperate consumers knew better as National Cash Advance. Maass agreed, finding that the ban on participating in a class-action lawsuit violates public policy by giving consumers no remedy against the companies they suspected were violating state law. Yates, along with Palm Beach Gardens attorney Theodore Leopold, has won a total of $17 million in settlements from two payday loan companies. Bombarded with horror stories about fees paid by people who were already tight on cash, the Florida Legislature in 2001 cracked down on the payday loan companies, setting limits on the fees they could charge, requiring them to give borrowers a grace period to repay loans and limiting borrowers to one loan at a time. Find Out More
No Tags