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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 a mouse, unlicensed lenders that are payday in other states are cashing in on Minnesota customers. As Minnesotans fight economically in tough financial circumstances, some payday lenders are using their online business, charging you clients big costs for tiny money loans.

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

Complaints gotten by the Commerce Department from three Minnesota customers led to formal costs against: Omega Investments, Ltd., LLC in Salt Lake City, Utah; Sanguine, Inc.