WASHINGTON, DC — Three employees of a payday lender operating in Washington DC renounced the participation in the payday loan industry and apologized to the community during a dramatic August 12 press conference, according to press reports.
The three, Cameron Blakely, Michael Donovan and Bill Harrod all worked for Check 'n Go in the Washington DC area at different levels. Donovan was a district manager for the organization and Blakely and Harrod were store managers.
An internet search on the firm's name in Washington revealed eight stores in the Nation's Capitol, although the firms website only showed three stores.
The DC City Council is considering legislation which would cap the interest rate on payday loans at 24%. The three former employees have come out in favor of the legislation.
In an Sept. 12 statement issued by Check 'n Go, the payday lender said the three had made "false and reckless statements regarding the business practices of Check 'n Go."
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