Ace Cash Express
July 2013: A class-action lawsuit was filed in July 2013 against Ace Cash Express, Inc. (and amended in August 2014) for allegedly advertising its loans as a form of quick, easy, short-term credit to cover unexpected or emergency expenses (like car repairs or medical bills) when, according to the plaintiffs, Ace Cash Express provides expensive, long-term debt accompanied by unconscionable terms and conditions. (Johnson et al. v. Ace Cash Express, Inc., Case No. 13-cv-01186, D. DE.)
For more of TINA.org’s coverage of payday loans, click here.