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Olympia, WA – In their state’s biggest lending that is payday action, the Department of finance institutions (DFI) filed fees against payday loan providers, Advance Til Payday and Zippy money. One of the many allegations of misconduct, the payday lenders made over 400 loans more than their state’s $700 maximum loan restriction. DFI promises to revoke both businessesвЂ™ licenses, ban the folks from conducting business in Washington State, enforce fines, purchase restitution, and cost for the price of the investigations. The firms may request a hearing to guard the costs.
Although the two companies represented on their own as two individually owned entities, the division uncovered proof that Advance Til Payday and Zippy money have actually typical ownership. (more…)