Parish, that is factually just like Emery, relied on Emery in keeping the plaintiffs acceptably alleged the current weather of the claim underneath the Illinois customer Fraud Act.
In Parish, the plaintiffs alleged the defendant useful Illinois was at the training of defrauding unsophisticated customers through a “loan-flipping” scheme. This scheme was described by the Parishes:
“A customer removes a short loan with Beneficial Illinois and starts making prompt re re payments as dictated by the first loan papers. The consumer receives a letter from Beneficial Illinois offering additional money after some unspecified period of time. The page states that the customer is really a `great’ consumer in ` standing that is good’ and invites her or him to come in and get extra funds. If the customer arrives at Defendant’s bar or nightclub and tenders the page, useful Illinois employees refinance the existing loan and reissue specific insurance plans incidental to it. Useful Illinois will not notify its clients that the expense of refinancing their loans is significantly more than will be the price of taking out fully a 2nd loan or expanding credit underneath the present loan.” Parish, slide op. (more…)