California Supreme Court
Aug. 12, 2009
High Court Rejects Interest Fees on Bad Checks
In a win for consumers during tough financial times, the California Supreme Court ruled Monday that people who write bad checks don't have to pay interest on their debt in addition to service charges prescribed by state law.
Daily Journal Staff Writer In a win for consumers during tough financial times, the California Supreme Court ruled Monday that people who write bad checks don't have to pay interest on their debt in addition to service charges prescribed by state law. The unanimous ruling gave a boost to a federal class action accusing a debt collection company of charging consumers more than $100,000 in bogus interest charges. The court int...
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