TX: Check 'n Go settles case over its records handling (update)

Texas Attorney General Greg Abbott on Thursday reached an agreement with one of the Lone State's largest payday lenders over claims the company recklessly disposed of consumers' financial information.

Abbott reached the settlement with CNG Financial Corp. and its subsidiaries, Check 'n Go of Texas, Inc. and Southwestern & Pacific Specialty Finance, Inc.

The agreement resolves the state's May 2007 enforcement action, which charged the Mason, Ohio-based company with violating state laws governing the disposal of customer records containing sensitive personal information by disposing of business records in easily accessible trash cans.

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Under the agreement, General, Check 'n Go will overhaul its information security program to provide safeguards to protect the company's customers. Check 'n Go also agreed to pay $220,000 to the state to help bankroll future actions against Texas' Identity Theft Enforcement and Protection Act.

Source - Legal Newsline

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