Payday Loan Lawsuit

By | Sep 23, 2015

Another Payday Loan Lawsuit

Are you a payday loan lender? Be aware! You’ve got a target on your back. The bigger we get the more often it makes sense to settle rather than fight these class action payday loan lawsuits. I’ve “been there – done that.”

Three former non-exempt employees sued PLS Financial Solutions of California, Inc. (formerly Payday Loan Store of California, Inc.) and PLS Check Cashers of California, Inc. on behalf of themselves and others and alleged various California Labor Code violations  including, but not limited to:

  • Unpaid meal and rest premiums
  • Failure to pay all regular and overtime wages
  • Unpaid and/or untimely vacation wages
  • Waiting time penalties
  • Failure to provide and maintain accurate paystubs and civil penalties under the Private Attorney General Act.

Stupid things payday lenders doAfter extensive investigation and an exchange of relevant information, the Parties agreed to enter into private mediation to try and resolve the claims.  The Parties attended mediation and thereafter reached the Class Settlement memorialized in the Joint Stipulation of Settlement and Release on file with the Court, and whose terms are generally summarized in this Notice… Click here to read the Settlement in it’s entirety.

You can still profit handsomely in the small dollar credit space BUT you must know what you’re doing. Get all the startup info here: Payday Loan Manual.

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