in Newswire Published on November 20, 2023

Helix Financial, Lead Bank Facing Class Action Over Alleged ‘Rent-A-Bank’ Payday Lending Scheme

Childs v. Hyphen, LLC et al.

Filed: November 15, 2023 § 1:23-cv-00197-LAG

A class action claims online lender Helix Financial and its partner bank have engaged in a “rent-a-bank” scheme whereby they issue loans with illegal interest rates to Georgia residents.

Defendant(s)

Hyphen, LLC Lead Bank

Law(s)

RICO

State(s)

Georgia

Categories

Business/Finance

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Last Updated on November 20, 2023 — 9:11 AM

Kelsey McCroskey

kelsey@classaction.org

Kelsey works primarily on ClassAction.org’s newswire, reporting on cases as they happen.

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