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Alert: California Supreme Court Holds CashCall’s Interest Rate on Consumer Loans Might Be Unconscionable

by commune | Aug 14, 2018 | Mortgage Banking News, Other News, Securities

Yesterday (August 13, 2018) the California Supreme Court held in De La Torre et al. v. CashCall that consumer loans exceeding $2,500 made by California licensed lenders may be unconscionable because of high interest rates. Before yesterday’s decision, the prevailing...

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Alert: California Supreme Court Holds CashCall’s Interest Rate on Consumer Loans Might Be Unconscionable

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