CashPoint Distributes Settlement Checks after AG Investigation
Monday, March 12th, 2012
By Gray Hall, WWBT NBC12
A settlement check may be coming your way. CashPoint, a car title lender, will refund nearly $600,000 to more than 800 Virginia customers.
Attorney General Ken Cuccinelli alleges the company operated without a license for two months in 2010. In a letter sent to hundreds of Virginia’s CashPoint admits it made errors with loans. The company says it collected interest it probably shouldn’t have. The state claims CashPoint operated without a license from October 1st through December 1st in 2010.
Consumer law attorney, Jay Speer with Virginia Poverty Law Center says all loans issued during that time were illegal.
Published January 23, 2012