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O Leary
SANTA ANA, Calif. (Legal Newsline) – A California auto title loan company faces claims its interest rates are unconscionable, and a California appeals court has just ruled that the arbitration clause in its contracts is.
The Fourth Appellate District ruled Jan. 11 for lead plaintiff Joe Maldonado and his lawyers at Cohelan Khoury and Mesriani Law Group who are pursuing a class action against Fast Auto Loans in Orange County Superior Court.
The 2019 lawsuit says Fast Auto Loans’ terms are illegal under the Unfair Competition Law and the Consumers Legal Remedies Act.
In addition to business registration issues, Fast Auto Loans is accused of offering loans that are basically interest-only and exceed the value of the cars put up as collateral. ....

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