Star-Telegram: “Fort Worth’s Cash America will give Millions in Refunds”

December 5, 2012

Excerpt: Fort Worth-based Cash America, the nation’s largest operator of pawnshops, said Tuesday that it will refund millions of dollars to about 14,000 Ohio borrowers taken to court by the lender to collect on defaulted loans.  The company, which also makes so-called payday loans, said it recently learned that some employees “did not prepare some court documents properly in many of its Ohio collections legal proceedings.” It put the cost of the reimbursements and related expenses at $13.4 million.  Read more on the Star-Telegram site>>