A recent ruling by the Georgia Court of Appeals sets the stage for a trial in a long-running battle between a payday lending company and borrowers at its Georgia stores.
The company, Georgia Cash America, had argued the facts were clear that it was not responsible for small, short-term loans the plaintiffs claim carried finance charges equivalent to annual percentage rates above 200 percent. Instead, the company said it merely assisted the real lenders, out-of-state banks not governed directly by Georgia usury laws.
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