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Violation Tracker Individual Record

Company: Simple Cash Loans, Inc. dba Montana Capital Car Title Loans
Penalty: $121,556
Year: 2018
Date: May 31, 2018
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: payday lending violation
Violation Description: Simple Cash Loans agreed to refund $121,556 to borrowers in settlement of allegations some loans it made were below $2,500 and thus had a legal limit on interest rates that the company exceeded. The loans included various required payments raising them over $2,500, which the Commissioner of Business Oversight claimed counted as charges, not the loan amount, since they were a condition of granting the loan.
Level of Government: state
Action Type: agency action
Agency: California Department of Financial Protection and Innovation
Civil or Criminal Case: civil
Facility State: California
Facility City: North Hollywood
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.