SF City Attorney: Payday Lending Settlement (Webinar Resources)

Dear Partners,
We need your help reaching California payday lending consumers.  On behalf of California consumers, SF City Attorney Dennis J. Herrera sued Money Mart (also known as Loan Mart) and reached a $7.5 Million settlement requiring Money Mart to repay Californians who took out these loans. California consumers who took out loans from Money Mart from 2005 to 2007 may be eligible for restitution of interest, fees and finance charges paid.  This settlement could mean up to $1800 for each family; potential claimants have until October 1st to claim funds.

The SF City Attorney’s Office and SF Office of Financial Empowerment hosted a webinar detailing who is eligible to make a claim for repayment and outlining strategies your organization or city can take to help Californians who took out these loans.   Please find the following resources:
1.       Recorded Webinar and PPT Presentation (Attached): View the webinar and discussion here: http://sfofe.org/wp-content/uploads/2012/08/2012-08-14-11.05-SF-City-Attorney_-Payday-Lending-Settlement.wmv

2.      Ways to Help Distribute “Claim Form and FAQ” (Attached) to eligible clients:

  • Newsletter
  • Mailings
  • Social Media (Facebook/Twitter)
  • Post fliers that are visible to clients with readily available claim forms

3.       Contact person for all questions, resources and information regarding the settlement:

Kevin Easton
Coordinator, Community Relations
Office of City Attorney Dennis Herrera
(415) 554-4706 Direct
http://www.sfcityattorney.org/index.aspx?page=442  (additional resources)
Twitter: @sfcityattorney   (sample Tweets)
Facebook: facebook.com/sfcityattorney   (sample FB posts)


For any additional resources such as:  fliers, press releases, sample newsletter text, etc. concerning the payday lending settlement please contact Kevin Easton directly.