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Dallas-based Payday Everyday, which also operates as Fastbucks, agreed to pay Colorado more than $125,000 in consumer restitution after the state found the company had violated a variety of payday-lending laws and failed to fix the problems.
As part of the settlement with the state attorney general, the company, which operated 10 stores in Colorado Springs, Fort Collins, Greeley, Longmont and Pueblo, also agreed it would not apply for a new supervised-lending license for five years. Its license expired in July.
The restitution is expected to be shared by about 1,675 consumers.
