NEW YORK--(BUSINESS WIRE)--The law firms of Chitwood Harley Harnes LLP, Stueve Siegel Hanson LLP, Tycko & Zavareei LLP, and Kopelowitz Ostrow P.A. announce that they have filed several cases across the country seeking to hold numerous banks liable for knowingly collecting payments on illegal payday loans. One of these cases is Parm, et al. v. BMO Harris Bank, N.A., et al., No. 1:13-CV-03326-JEC, filed in the U.S. District Court, Northern District of Georgia. Payday loans are short-term loans with extraordinarily high rates of interest. Payday lenders, many of which have fled to the Internet after being barred from operating in numerous states, often prey on the vulnerable and desperate...
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