Cash Converters agrees to pay $23m to be in. This short article is much more than five years old

Cash Converters agrees to pay $23m to be in. This short article is much more than five years old

Attorneys for NSW clients whom advertised these were charged extortionate interest on short-term loans hail ‘significant triumph’ in dispute with payday lender

Maurice Blackburn solicitors Miranda Nagy and Ben Slade with lead plaintiff Julie Gray in Sydney after the pawnbroking business reached a $23m in-principle settlement with 37,500 of their NSW customers. Photograph: Sam McKeith/AAP

Significantly more than 37,000 money Converters customers whom stated these were charged interest that is excessive short-term loans can get refunds after having a multimillion-dollar course action had been settled away from court.

The $23m in-principle settlement ended up being reached amongst the pawnbroker and about 37,500 of the brand brand New Southern Wales clients on Thursday.

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