Delaware-based Dominion Management of Delaware, Inc. and Dominion Management Services, Inc., operating as CashPoint, are facing a state-backed hammer blow after Pennsylvania Attorney General Josh Shapiro filed suit for violating PA’s usury and racketeering laws. The company allegedly charged Pennsylvania borrowers interest rates as high as 360 percent—nearly 15 times the state’s legal limit—on vehicle title loans, raking in $5.7 million from desperate residents since 2013.
CashPoint issued more than 3,200 illegal loans totaling over $2.5 million, mostly to low-income Pennsylvanians in financial crisis. The scheme operated by forcing borrowers to hand over their car titles as collateral, then demanding crippling monthly payments. When borrowers couldn’t keep up, CashPoint repossessed vehicles—often with little warning—and demanded thousands more to return them, effectively trapping victims in cycles of debt.
One such victim, Gregory Johnson of Allentown, borrowed $1,500 in 2011 at 360 percent APR to cover basic bills during a six-month job loss. His monthly payments exceeded $450. After more than a year of payments totaling at least $5,400, he still hadn’t cleared the original balance. When he took medical leave for spinal surgery, CashPoint seized his car and demanded over $3,500 to return it. Only after AG intervention did they settle for $2,800—money Johnson and his wife had to borrow from family. In total, he paid more than $10,000 on a $1,500 loan.
Patricia Coker of Philadelphia borrowed $400 in 2013. She missed one payment after repeated failed attempts to contact CashPoint to schedule a drop-off in Delaware. The company repossessed her first car—the one she cherished—leaving her devastated and scrambling to buy a replacement. “It broke my heart,” she said. Her complaint, filed with the Attorney General’s office, became one of hundreds fueling the investigation.
Under Pennsylvania law, interest on loans is capped between 6 and 24 percent annually. Title lending, which typically exceeds those rates, is effectively banned. CashPoint allegedly circumvented this by operating out of state, preying on Pennsylvanians they believed had no recourse. Shapiro’s lawsuit accuses the company of organized, systematic fraud—and operating like a financial racket.
The AG’s office is demanding refunds of more than $3 million in illegally collected interest, plus the immediate release of over 1,000 remaining title liens across the state. The suit aims to dismantle CashPoint’s predatory operation and send a message: exploit vulnerable Pennsylvanians with sky-high loans, and the state will come after you—no matter where you’re based.
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Key Facts
- State: Pennsylvania
- Agency: Pennsylvania AG
- Category: Fraud & Financial Crimes
- Source: Official Source ↗
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