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DBO launches research into feasible evasion The California Department of company Oversight (DBO) launched a formal research into whether prominent car name lender Wheels Financial Group, LLC, which does company as LoanMart, is evading California’s newly-enacted rate of interest caps through its current partnership having an out-of-state bank. “I applaud the action that is legislature’s protect susceptible customers by cracking down on high-cost financing in California, ” DBO Commissioner Manuel P. Alvarez said. “The ball happens to be when you look at the DBO’s court to enforce the Fair use of Credit......

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