Check Cashing Cases

The ABC station in Orlando profiles our payday lending class action case which is finally moving forward after nearly 20 years. Click on the video above to watch the story.

Consumers win Supreme Court battle against check cashing industry

CONSUMER UPDATE – James Hoyer’s clients won an important victory on April 27, 2006, with the announcement the Florida Supreme Court had ruled for them in the case of Wendy Betts et al vs. McKenzie Check Advance of Florida LLC, et al. The ruling preserved the right of consumers to file allegations of loan sharking against check cashing companies before 1994, when the Florida Legislature approved the first regulations on this industry. We have long contended that the check cashing and payday loan industries operated as loan sharks, preying on low-income individuals with interest rates equal to an annual rate as high as 1,000 percent.

Consumers need to know, however, that winning this battle does not mean the war is over. Payday lenders and their highly skilled lawyers are now turning to other means to defeat consumer cases, including forced arbitration. If you used a check cashing or payday loan service before 2001, when the relevant law was last amended, you might have a claim. We are interested in talking with customers of the following companies: Ace, Advance America, Buckeye, Checksmart, Check N Go, Fast Funding, or McKenzie. You need to act quickly, however, as strict legal deadlines apply. Fill out the form below for a confidential, no-cost consultation with an attorney.