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State attorney general announces relief for 80,000 Pennsylvanians targeted by pay day loan scheme

Thursday, September 3rd, 2020

HARRISBURG — Attorney General Josh Shapiro today announced money with Think Finance, a national payday that is online, as well as an associated private equity company for presumably engineering a $133 million unlawful pay day loan scheme that targeted as much as 80,000 Pennsylvania customers.

The settlement will void all balances that are remaining the unlawful loans, Shapiro’s statement stated. Pennsylvania is among the leading creditors that negotiated this settlement that is comprehensive Think Finance as an element of its bankruptcy plan, that is pending approval prior to the Bankruptcy Court and subsequent approval because of the U.S. (more…)