Consumer Sues Banks Over Participation In Illegal Payday Loan Scheme

Consumer Sues Banks Over Participation In Illegal Payday Loan Scheme

PHILADELPHIA - A consumer sued three banks in Pennsylvania federal court on Oct. 14, alleging that the banks engaged in a payday lending scheme in states where such loans are illegal in violation of state and federal law (Patricia Booth v. BMO Harris Bank N.A., et al., No. 13-5968, E.D. Pa.).

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