Violation Tracker Individual Record

Company: 
Zippy's Currency X-Change, Inc. et al.
Penalty: 
$6,234,023
Year: 
2011
Date: 
September 21, 2011
Offense Group: 
financial offenses
Primary Offense: 
payday lending violation
Violation Description: 

Zippy's Currency X-Change, Inc., dba Power Check Cashing Payday Advance, Cash Cow Payday Advance and Western Avenue Check Cashing, plus three individuals, were ordered to pay a $5.62 million administrative penalty, plus return fees charged and forfeit collection rights on $614,023 in loans, in an order finding they made unlicensed deferred deposit transactions.

Level of Government: 
state
Action Type: 
agency action
Agency: 
California Department of Business Oversight
Civil or Criminal Case: 
civil
Facility State: 
California
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.