Philadelphia — Advance America Cash Advance Centers Inc. The Spartanburg, South Carolina-based payday lender made the announcement Tuesday, saying it expected to record about $1. In July, a Pennsylvania state court ruled that the company violated Pennsylvania consumer law by providing loans of as much as $500 to people in return for 6 percent interest plus a $150 monthly fee. The Commonwealth Court panel, agreeing with the state Banking Department, said the fees exceeded limits of Pennsylvania’s Consumer Discount Company Act. The company has appealed the court decision to the state’s highest court. See your Free Credit Report online in seconds when you sign up for a free 30-day credit monitoring trial! read more

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