Pa. High Court Won't Hear Appeal Of Predatory Lending Fine

Law360, New York (May 16, 2013, 6:50 PM EDT) -- The Pennsylvania Supreme Court said Wednesday it would not hear an appeal of a decision that upheld the Pennsylvania Human Relations Commission's ability to intervene in private business transactions involving mortgages and other loans, and to levy fines against predatory lenders.

In a one-page order, the justices rejected an appeal petition filed on behalf of Girard Finance Co., a suburban Philadelphia-based lender fined nearly $600,000 for offering loans with above-market interest rates and balloon payment provisions to minority tavern owners. Girard had sought review of a...
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