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Violation Tracker Individual Record

Company: Loan Max and CashPoint
Penalty: $1,000,000
Year: 2009
Date: May 15, 2009
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Loan Max and CashPoint agreed to pay customer restitution of more than $1 million in settlement of alleged violations of DC's Consumer Protection Procedures Act, issuing high interest short term loans about the District's statutory maximum of 24% APR.
Level of Government: state
Action Type: agency action
Agency: District of Columbia Attorney General
Civil or Criminal Case: civil
Facility State: District of Columbia
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.