CA Supreme Court holds high-interest loans may be subject to price unconscionability attack; Ballard Spahr to hold October 16 webinar

Resolving an ambiguity in the California Finance Lender’s Law (CFLL), the California Supreme Court unanimously held that borrowers may use the unconscionability doctrine to challenge the interest rate on consumer loans of $2,500 or more, despite the fact that the CFLL has deregulated interest rates on such loans.  Although unconscionability claims of this nature will... Continue Reading…...(read more)

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