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07/30/2024
CFPB to distribute over $8 million to consumers harmed by All American Check Cashing, Inc.
CFPB
In July, 43,647 consumers harmed by All American Check Cashing, Inc., will begin receiving refund checks in the mail.
The CFPB took action against the check cashing and payday loan company All American and its owner, Michael Gray, alleging that All American failed to disclose the cost of cashing a check and used deceptive tactics to prevent consumers from canceling or refunding a transaction. The CFPB also alleged that All American made deceptive statements about the benefits of high-cost payday loans and failed to provide refunds after consumers overpaid their loans.
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