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Washington State Dept. Of Financial Institutes Warns Consumers About Web Pay Day Loans

“Most Internet-based pay day loan loan providers are, in reality, maybe maybe maybe not certified to complete business in Washington, ” DFI Director of customer Services Deborah Bortner explains. “When a customer takes that loan from an unlicensed loan provider, there was hardly any we are able to do in order to protect them, and frequently small we could do in order to the business when they are positioned not in the united states of america. When they don’t abide by our rules, especially”

DFI’s customer Services unit issued a short-term cease and desist purchase Oct. 6 against advance loan Now, a business based in Costa Rica who has never ever been certified to complete company in Washington State. Read more