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DBO Payment with Advance America Subsidiary Continues Crackdown on Interest Cap Avoidance $160,000 Contract Provides Borrower Refunds, Charges SACRAMENTO – The Department of company Oversight (DBO) finalized a settlement with Advance America’s California subsidiary that continues a broader DBO crackdown on lender avoidance of interest rate limits on small-dollar consumer loans today. “California consumers deserve a zero-tolerance policy with regards to lender practices that can cause borrowers to pay for greater interest levels than they ought to under state law, ” said DBO Commissioner Jan Lynn Owen. “We will stay aggressive to......

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