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Elevate Credit Settles Lending Issues With Attorney General

Elevate Credit Settles Lending Issues With Attorney General

Attorney General Karl A. Racine announced that Elevate Credit, Inc. (Elevate), a predatory online lender, will pay at least $3.3 million to refund over 2,500 District consumers who were misleadingly marketed high-cost loans and lines of credit, waive over $300,000 in interest owed by those consumers, and pay $450,000 to the District. The company will … Read more