Minnesota Commerce Department Cracks Down on Unlicensed Web Payday Lenders

Minnesota Commerce Department Cracks Down on Unlicensed Web Payday Lenders

During the simply simply click of the mouse, unlicensed payday lenders positioned 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 part of Minnesota consumers, breaking straight straight down on four payday loan providers for allegedly supplying customer tiny loan solutions on the internet without having a license that is proper. Continue reading “Minnesota Commerce Department Cracks Down on Unlicensed Web Payday Lenders”