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In de la Torre v. CashCall, Inc., --- F.Supp.2d ----, 2014 WL 3752796 (N.D.Cal. 2014), Judge James granted partial summary judgment to class-action Plaintiffs on their allegation that CashCall’s the loans violated the UCL because they were conditioned on the debtors were required to check a box indicating that they authorized CashCall to withdraw their scheduled loan payments from their… Read More

In Stone v. Advance America, 278 F.R.D. 562 (S.D.Cal. 2012), Judge Battaglia refused to certify a class of payday loan customers who claimed that the defendant violated the California Deferred Deposit Transaction Law (“CDDTL”) Cal. Fin.Code § 23005 in its dealing with Spanish-speaking customers.  Judge Battaglia found that whether the customers primarily spoke Spanish in their respective transactions lead to… Read More

The California Department of Corporations proposed new Finance Lender Law regulations.  Attached are copies of the CDC Notice of Rulemaking Action re CFLL Regulation, CDC Statement of Reason re CFLL Regulation, and CDC Text of Proposed CFLL Regulations.   Licensees have an opportunity to provide comments which are due no later than 5 PM, January 28, 2013.  A request for a hearing may also be made in writing… Read More