Violation Tracker Individual Record

Company: 
ACE Cash Express, Inc.
Current Parent Company: 
ACE Cash Express
Penalty: 
$118,400
Year: 
2010
Date: 
April 5, 2010
Offense Group: 
financial offenses
Primary Offense: 
payday lending violation
Violation Description: 

ACE Cash Express agreed to pay $118,400 in penalties in settlement of allegations it violated the California Deferred Deposit Transaction Law by making loans to customers who already had at least one other loan, and by collecting unauthorized fees.

Level of Government: 
state
Action Type: 
agency action
Agency: 
California Department of Business Oversight
Civil or Criminal Case: 
civil
Facility State: 
California
HQ Country of Parent: 
USA
HQ State of Parent: 
Texas
Ownership Structure of Parent: 
privately held
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
payday loans
Notes: 

Penalty amount taken from later 2019 summary of previous orders.

Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.