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Borrowers Claim Cash Advance Co. Charged 1,000% Interest

Gunnar Larson

13 Mar 2025 13 Mar '25
3:41 p.m.

Borrowers Claim Cash Advance Co. Charged 1,000% Interest <https://www.law360.com/fintech/articles/2309687?nl_pk=31322029-63eb-4d40-acd3-a08313aa07ff&utm_source=newsletter&utm_medium=email&utm_campaign=fintech&utm_content=2025-03-13&read_main=1&nlsidx=0&nlaidx=8> By Carla Baranauckas A prospective class of borrowers has hit Klover Holdings Inc. with a lawsuit claiming that the cash advance business charged interest rates that can reach 1,000% or more, far exceeding Pennsylvania's 6% legal limit. Complaint attached | Read full article » <https://www.law360.com/fintech/articles/2309687?nl_pk=31322029-63eb-4d40-acd3-a08313aa07ff&utm_source=newsletter&utm_medium=email&utm_campaign=fintech&utm_content=2025-03-13&read_more=1&nlsidx=0&nlaidx=8> | Save to favorites » <https://www.law360.com/fintech/articles/2309687?nl_pk=31322029-63eb-4d40-acd3-a08313aa07ff&utm_source=newsletter&utm_medium=email&utm_campaign=fintech&utm_content=2025-03-13&read_later=1&nlsidx=0&nlaidx=8>

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