McGraw settles with Web payday loan provider, collection agency

McGraw settles with Web payday loan provider, collection agency

CHARLESTON — West Virginia Attorney General Darrell McGraw announced Wednesday that his workplace has already reached a settlement with Web payday lender Government Employees Credit Center and collection agency P.D. healing.

McGraw’s workplace stated the settlement shall bring about a lot more than $300,000 in cancelled debts and refunds of great interest costs for 348 West Virginia customers.

The businesses and their owners additionally decided to completely keep from making or gathering online payday advances in western Virginia, the Attorney General’s workplace stated.

“Despite the problem we encountered during the early phases of the investigations, we commend GECC and Dollar Financial Group, which took obligation for the actions of its defunct subsidiary P.D. healing, for cooperating,” McGraw stated in a declaration. “the businesses resolved the issues of y our workplace by simply making complete restitution to all customers whom obtained loans from GECC.”

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