Play Fair on the West Coast

Notice has been sent and precedents have been set for lending on the west coast.  California Payday Loans are not like payday loans in most states.   It would seem that a ruling in 2006 actually made sense.  Imagine that, lawyers making sense, but I digress.   A payday lender was trying to get rich by taking its customers to court for triple the amount of the loan when the borrowers could not pay back the loans.   The court found that because the collateral for the loan was a check with insufficient funds to begin with, the lender was only due the original loan plus an NSF charge of $15.