Fraudulent Company Using Identity of DBO Payday Lender Licensee
The Department of Business Oversight (DBO) has been notified an entity calling itself “Check City” is using, without authorization, the name and doctored license of “Check City, a dba of CCO California Inc.” They solicit would-be customers for a payday loan, ask for “the first payment” in advance, and then fail to deliver the loan. Check City and CCO California Inc. are DBO-licensed lending companies based in Utah, license # 1003412. The fraudulent entity, calling itself “Check City” and claiming to be in Virginia, is not licensed with DBO.
Using a licensed lending company affords protections under state law related to disclosures, fees and terms of repayment, and provides consumers recourse when they have a dispute with the firm.
The DBO advises individuals who receive such solicitations to verify the entity’s licensing status by visiting the DBO website at https://docqnet.dbo.ca.gov/licensesearch/.