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State AG Data Five Lawsuits Against Payday Lenders Illinois Attorney General Lisa Madigan today filed five legal actions in a sweep cracking down on unlicensed, online payday lenders and that loan lead generator promoted by talk show host Montel Williams for illegally providing costly, predatory loans that trap Illinois borrowers in exorbitant, cyclical financial obligation lots. Madigan filed legal actions this week in Cook County Circuit Court on the part of the Illinois Department of Financial and Professional Regulation (IDFPR) against four out-of-state payday lenders that are running solely online, attempting to sell pay day loans racked with charges which are twice the quantity permittedRead More →

Would you live in MISSISSIPPI and require loans that are speedy now? Court Bolsters Test to determine Whenever Personal Businesses Entitled to Tribal Immunity The Ca Department of company Oversight (DBO) today won a situation Supreme Court choice in a landmark instance concerning the dilemma of private payday lenders who you will need to utilize tribes’ sovereign immunity in order to prevent state certification and customer security guidelines. “This ruling is definitely an win that is important California’s payday loan consumers,” said DBO Commissioner Jan Lynn Owen.Read More →