The credit union, called retailCURe is heralded to be a big boost for the sector. It is backed by a number of high street names including Debenhams and John Lewis and aims to give retail staff access to finance.
Former Dragons Den star Theo paphitis has also backed the new venture revealing that he and his businesses have invested over ВЈ100,000 in the not-for-profit venture.
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The lawsuit also alleges that Cash Cow knew of the problems with their loan structure because of a previous lawsuit, Laughing v.
Quick Cash (Cash Cow), filed against them. When asked if Cash Cow had changed their practices since that lawsuit, Delgado responded, Mr. Fefermans office has never sued us before. Mattress-Gate. The Laughing lawsuit was filed in McKinley County District Court by Mattison while he was employed by DNA Peoples Legal Services in Window Rock January 2012.
Fefermans partner, Elizabeth Warren, also worked for DNA in Shiprock before joining the 700 dollar personal loan practice. The Laughing lawsuit alleges Cash Cow, also known as, Quick Cash, sold Lula Laughing, a resident of Navajo, NM, a mattress on credit at a rate of 66.