SACRAMENTO – The Ca Department of company Oversight (DBO) today finalized a settlement with car name loan provider TitleMax of Ca, Inc., continuing a crackdown that is three-year unlawful customer loans.
The settlement will deliver almost $700,000 in refunds to significantly more than 21,000 TitleMax customers and need the Georgia-based loan provider to spend a $25,000 penalty to eliminate allegations so it regularly charged extortionate and unlawful interest levels and costs.
