Minnesota attorney general sues 5 online payday loan providers

You’ve seen the cash advance companies in strip malls. Now, individuals in hopeless need of money are switching to online loan providers, together with Minnesota lawyer general claims some clients are increasingly being illegally shaken straight straight straight down.

Five online lenders will be the goals of split legal actions filed Tuesday in Minnesota, citing lending that is unlawful. The investigation that spurred the legal actions, brought by Minnesota Attorney General Lori Swanson, identified “unlawfully high interest levels of as much as 782 %,” unauthorized withdrawals from customers’ bank accounts and a collection scam that is phony. להמשיך לקרוא

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