As reported by the Raleigh News and Observer, Advance America has agreed to pay $18.75 million to settle a class action suit on behalf of North Carolina consumers. For more click here.
Consumers who received payday loans on or after March 1, 2003 will be eligible for payment. Beginning in the first half of 2011, checks would be mailed to all class members who can be located. Class members do not have to take action to participate in the settlement. The settlement covers more than 140,000 class members.
If you have a question about a class action, call Mike Malone at Hendren & Malone.