Random Feed wrote an interesting post today on
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If you’re looking for money from a so-called payday lender, look out. The State Department of Financial Institutions is warning consumers that some unlicensed lenders are offering services that are illegal in Washington. The department offers a solution: Check the license. Verify. “State law requires all payday lenders — including Internet payday lenders — offering services to Washington residents, including online payday lenders, to be licensed by DFI before doing business in our state

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wrote an interesting post today on
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First up, the Pennsylvania Supreme Court ruled that online payday lenders are not permitted to do business in the state without a license. And since licensed payday lenders can’t charge anywhere near what they need to operate profitably, no payday lending is allowed there at all. This, of course, begs the question: what the heck [...]

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Random Feed wrote an interesting post today on
Here’s a quick excerpt
Court Orders Websites to Halt Payday Loans February 25, 2009 by Joe Finance In a not too surprising move, U.S District Court has ordered seven online payday lenders to cease offering payday loans. The move isn’t all that unexpected considering the array of laws broken by these lenders. Seems a few rotten apples are spoiling the barrel. The companies were not being compliant with many laws. Loan terms and rates were not disclosed properly. Abusive collections practices were implemented

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Random Feed wrote an interesting post today on
Here’s a quick excerpt
Giving a bad name to payday loans, several payday lenders have been banned by the U.S. government for not following good lending practices.

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