 Posted: Wed Sep 05, 2007 2:33 pm Subject: News about CashNetUSA
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Today, I spoke with Robert Tamaras, who is the investigator for the State of Florida's Department of Regulations, who is handling three of my IPDL complaints. Here is what he told me. I have also put this post up elsewhere on the forum. So, please forgive me for the repeat. Here goes:
| Quote: | | Even though CashnetUSA is licensed with the Secretary of State for the State of Florida, they have to be registered with the Florida Department of Regulations in order in be involved with lending money, directly or indirectly. Which, they are claiming to be a broker, so to speak. That would make them indirectly involved with brokering a loan. You can register your, tire business, your paint store or any other business like that with the state, BUT, in order to loan or broker a loan, you must be regulated by the State. Also, I told him that their name is listed on my checking account as the one who DEPOSITED the money and the one who is DEBITING my account and taking the money out. He said that makes them involved directly with my loan. Which is illegal ! If Anyone in the state of Florida would like to talk with Robert, just PM me and I will give you his number. All I am doing is repeating what I was told today. According to him, Florida is very active in taking these people to task for what they are doing. He is also going after Geneva Roth or Loanpoint USA, or what ever they want to call themselves and Payday Select. I told him that they folded like a wimp as soon as I sent them the letter stating the Florida law concerning payday loans. |
So this is all I know as of right now.
Thoughts, anyone????
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nutsie1
Joined: 22 Aug 2007
Posts: 92
Debtcc Points: 1952
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