OLA Statement on the California Supreme Court ruling in the CashCall Case

Statement of Online Lenders Alliance CEO Mary Jackson on the California Supreme Court ruling in the CashCall Case:

 “Yesterday the California Supreme Court confirmed there is no bright line test for consumer lending interest rates, affirming that pricing for consumer loans should reflect consumer creditworthiness. We hope the lower court now takes the appropriate action to dismiss this case and stop lawsuits that seek to arbitrarily deny access to credit to millions of hardworking Californians.”

 

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