DBO Moves to gap funding and Revoke Licenses of Auto Title loan company rapid revenue financing

DBO Moves to gap funding and Revoke Licenses of Auto Title loan company rapid revenue financing

SACRAMENTO, CA – The California section of sales Oversight (DBO) nowadays filed an action (PDF) to invalidate finance and revoke the permits of Quick funds finance, a striking Southern California vehicle name lender, for numerous and repeated infractions on the state’s credit guidelines.

The longer Beach-based lender routinely energized users much interest and prices than authorized by-law, neglected to see individuals’ capability payback as needed, publicly employed the illegal absence of underwriting as an advertising tool, focused on incorrect and misleading marketing and advertising, controlled away unlicensed regions, and never keep called for records that document their illegal action, the DBO’s accusation alleges. Continue reading →