By: Royal Paine. Vermont Attorney General William H. Sorrell described the payday loan relief settlement with Cash Cal, LLC as the fourth in a recent effort to protect Vermonters from predatory lending: “On April 23, 2014, my office announced a sweeping effort to protect consumers from lenders who ignore Vermont’s laws and take advantage of Vermonters in economic distress. We will continue to vigorously pursue illegal lenders who make loans in contravention of our state laws.” Attorney General Sorrell urged consumers to review these tips before taking out a loan. More information on the Attorney General’s crackdown on illegal lending can be found here(link is external).
Here’s a link to the Press Release: Vermont Payday Loan Borrower Refunds