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Home / Opinion Digests / Lenders enjoined from charging usurious interest (access required)

Lenders enjoined from charging usurious interest (access required)

The court entered an order enjoining lenders, who deceived Virginia consumers through an illegal “pension sale” lending scheme and charged in excess of 12 percent interest in violation of the Virginia Consumer Protection Act, from collecting usurious interest and from further violations of the law. The court also imposed costs and attorney’s fees. Background On March 6, 2018, ...