TIOR Capital Agrees to Forfeit $1M in Outstanding Loans

December 26, 2013
Riverside Press-Enterprise (CA) 
payday lending news

Authorities in California have reached a settlement with TIOR Capital, which offered unlicensed payday loans online to consumers across the state through its Nevada-based affiliates. Under the accord, TIOR Capital agreed to forfeit more than $1 million in outstanding loans to California borrowers, stop breaking the law, and pay $100,000 in fines to the state.

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