Cash Converters settles class action
Maurice Blackburn Lawyers said on Thursday the $23 million in-principle settlement had been reached on behalf of around 37,500 NSW Cash Converters customers.
“We expect that Cash Converters’ borrowers in NSW will receive a full refund of the overpayment, plus interest,” Maurice Blackburn principal, Ben Slade, said in a statement.
The class action law firm said the settlement was still subject to Federal Court approval, but that it signalled a significant victory for “thousands of people … who shouldn’t have been taken advantage of”.
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