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Violation Tracker Individual Record

Company: Money Mart Express, Inc.
Penalty: $16,375,000
Year: 2011
Date: October 19, 2011
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: payday lending violation
Violation Description: Money Mart agreed to pay $7.5 million in restitution, forgive $8 million in loans, and pay the City and County of San Francisco $875,000 in settlement of allegations it made short term loads at exorbitant and illegal interest rates, in an arrangement with an out-of-state bank in an effort to circumvent California limits on interest rates.
Level of Government: local
Action Type: agency action
Agency: California Multi-Jurisdiction Case
Civil or Criminal Case: civil
Private Lawsuit Resolution Type: settlement
Facility State: California
Facility County: San Francisco
Facility City: San Francisco
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.