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WASHINGTON - A Cincinnati-based check cashing company has filed a lawsuit against a former employee who spoke out against the company’s business practices at a news conference in Washington last week. Micheal Donovan, the company’s former director of operations for the District of Columbia, told reporters that Check ‘n Go encourages its employees to recruit low-income and minority customers and try to keep them from paying off their loans. Check ‘n Go claims in its lawsuit Donovan stole confidential business information about the company in violation of an agreement he signed not to disclose such information. The news conference that Donovan spoke at was held to support a bill before the District of Columbia City Council that would cap payday loans at 24 percent, the same rate charged by banks and credit unions. In a news release, the company accused Donovan and two other former employees who also spoke at the news conference of conspiring with the Center for Responsible Lending to tarnish the company and the payday loan industry. It’s unfortunate we have to take this route, but we cannot allow fabrications like this to go unchallenged,” Doug Clark, chief operating officer for Check ‘n Go, said in a statement about the lawsuit. Find Out More

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