August 15, 2014 -- Professor Russell B. Korobkin is quoted in a Daily Journal article about a rare claim that tests a lender's ability to levy nearly 100 percent interest rates on its consumers. The claim is headed for trial.
“Several lawyers said it's uncommon to see a dispute about price fairness get this far in court because typically, plaintiffs need to show that the accused companies tried to obscure their contract terms.
Here, CashCall's customers knew about the high interest rates and agreed anyway, said Russell B. Korobkin, a professor at UCLA School of Law.”
Read the article (subscription required).