MSNBC: Payday loan company settles for $2.5 million
MSNBC recently picked up this story, more evidence of payday lenders unethical and often illegal business practices:
By OWEN LEI / KING 5 News Seattle
FEDERAL WAY, Wash. – A local payday loan company offered to cough up $2.5 million in settlement money after thousands of clients sued over defamation and abusive collection practices.