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Provides Action Against ACE Cash Express, Inc. and Goleta National Bank

Provides Action Against ACE Cash Express, Inc. and Goleta National Bank

work associated with the Comptroller regarding the Currency announced today that ACE money Express, Inc., and Goleta nationwide Bank, Goleta, California, signed cease and desist requests requiring them to get rid of unsafe and unsound lending that is payday also to spend $325,000 in civil cash charges. ACE is really a third-party supplier for Goleta within the origination, servicing, and number of the pay day loans booked because of the financial institution. ACE provides loans that are payday behalf of Goleta in 18 states and also the District of Columbia.