State attorney general announces relief for 80,000 Pennsylvanians targeted by pay day loan scheme

State attorney general announces relief for 80,000 Pennsylvanians targeted by pay day loan scheme

HARRISBURG — Attorney General Josh Shapiro today announced funds with Think Finance, a national payday that is online, as well as an associated personal equity company for presumably engineering a $133 million unlawful pay day loan scheme that targeted as much as 80,000 Pennsylvania customers.

The settlement will void all staying balances on the unlawful loans, Shapiro’s statement stated. Pennsylvania is amongst the leading creditors that negotiated this comprehensive settlement with Think Finance included in its bankruptcy plan, that is pending approval prior to the Bankruptcy Court and subsequent approval because of the U.S.

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