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.

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Published January 23, 2012

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