This is a widget area

If you go to "Appearance" in your WP-Admin you can change the content of this text in "Widgets", or you can remove this box completely under "Theme Options"

Payday Lenders Slapped With More Than $1.2 Million in Fines After DFI Investigation

Payday Lenders Slapped With More Than $1.2 Million in Fines After DFI Investigation

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 businesses’ 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.

“we shall not tolerate lenders that are payday customers by overstepping the appropriate limits set by the legislature,” stated Deb Bortner, Acting Director of DFI’s Division of Consumer Services. “DFI will carry on working faithfully to analyze customer complaints and control violators of Washington’s payday financing guidelines.”

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…)