Supreme Court of California

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De La Torre v. CashCall, Inc., 241434

Held that an unduly oppressive interest rate on consumer loans of $2,500 or more can render the loans unconscionable. Answering a question certified to it by the Ninth Circuit, the California Supreme Court held that although California sets interest rate caps only on consumer loans less than $2,500, this fact does not mean that a court may never declare unconscionable an interest rate on a loan of $2,500 or more. In the federal court lawsuit, the defendant is a lender that provides consumer loans to high-risk borrowers at annual interest rates up to 100 percent or more.

Appellate Information

  • Decided
  • Published 2018/08/13


  • Cuellar


  • Supreme Court of California


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