Original article by James Eyers
The Australian Financial Review – Page: 23 : 18-Jun-15

Cash Converters is close to settling a class action in which it was alleged to have charged exorbitant interest rates on payday loans. Its shares are in a trading halt pending the settlement, and the stock is expected to resume trading on 19 June 2015. Law firm Maurice Blackburn, which led the class action on behalf of about 50,000 customers on low incomes, alleged that Cash Converters charged interest rates of between 145 and 633 per cent.

CORPORATES
CASH CONVERTERS INTERNATIONAL – ASX CCV. MAURICE BLACKBURN PTY LTD. MONEY3 CORPORATION LIMITED – ASX MNY. AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION