Minnesota Commerce Department Cracks Down on Unlicensed Web Payday Lenders

Minnesota Commerce Department Cracks Down on Unlicensed Web Payday Lenders

In the simply Payday Loans Des Moines simply simply click of a mouse, unlicensed lenders that are payday in other states are cashing in on Minnesota customers. Some payday lenders are taking their business online, charging customers big fees for small cash loans as Minnesotans struggle financially in tough economic circumstances.

Acknowledging this growing issue, Commerce Commissioner Mike Rothman took action this week on the behalf of Minnesota customers, breaking straight down on four payday loan providers for presumably supplying consumer tiny loan solutions on the internet with no license that is proper.

Complaints gotten by the Commerce Department from three Minnesota customers triggered formal costs against: Omega Investments, Ltd., LLC in Salt Lake City, Utah; Sanguine, Inc. of Wilmington, Delaware; Ameriloan of Miami, Oklahoma; and Pack Management Group, Inc. of Carson City, Nevada. All four organizations aren’t certified because of the Minnesota Department of Commerce, but have allegedly supplied payday advances to Minnesota customers on the internet.

“We are trying to protect Minnesota customers from unlicensed payday financing companies that benefit from them,” said Rothman. 继续阅读“Minnesota Commerce Department Cracks Down on Unlicensed Web Payday Lenders”