Cash Factory

UPDATED April 18, 2006

For further information: e-mail: cashfactory@classcounsel.ca

• Statement of Claim

On April 29, 2005, Tim Oliver filed a proposed class proceeding in the Supreme Court of British Columbia, which alleges that the Cash Factory Loans Inc. (“Cash Factory”) charged payday loan fees in contravention of the Criminal Code.  This action seeks the recovery of money the Cash Factory has collected in excess of the maximum rate permitted under the Criminal Code on behalf of all persons resident in British Columbia whom borrowed a payday loan from the Cash Factory.