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Sub: #1 Massachusetts orders PDL's to cease activity
Replied on 08-06-2006, 04:57 PM
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Quote:
FOR IMMEDIATE RELEASE:
May 26, 2006 CONTACT:
Chris Goetcheus
(617) 973-8735



STATE ORDERS MORE PAYDAY LENDERS TO CEASE ACTIVITY IN MASSACHUSETTS
Unlicensed lenders typically charge illegal fees and interest rates

The Office of Consumer Affairs' Division of Banks this week issued 48 cease activity orders against out-of-state payday lenders who are marketing illegal loans to Massachusetts consumers via the Boston Craigslist website and most recently in the Boston Herald. Commissioner of Banks Steven L. Antonakes has also asked the website and newspaper to cease accepting advertising from these companies. Massachusetts Consumer Affairs Director Janice S. Tatarka warned consumers of the multiple dangers these loans pose.
http://www.mass.gov/?pageID=pressrel...30_lenders.xml[/quote]

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Sub: #2 payday loans
Replied on 08-06-2006, 05:01 PM
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Polly this is great if only all the other states would do the same. Quick payday also went down in Iowa. Going to have to pay back money to Iowa residents. Hope how soon they go down in WV. Kyside38

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Sub: #3
Replied on 08-06-2006, 05:04 PM
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Yes it is great. Some states are so consumer friendly and other are all about big business. I believe in State's rights. I always have, but there are certain things a little federal involvement would be helpful for.

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Sub: #4
Replied on 08-06-2006, 05:56 PM
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Hey kyside, where'd you read that about quikpayday in Iowa? Was it quikpayday or quick payday?? Just curious...

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Sub: #5
Replied on 08-06-2006, 06:22 PM
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Hey Polly....

I beat you to it! I posted that two months ago. Being
a Massachusetts resident,It interested me! But thank
you so very much for your interest

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Sub: #6
Replied on 08-06-2006, 08:32 PM
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Sue,

It was Quikpayday. The one that got into alot of trouble in Colorado and had to pay back the residence. Looks like Iowa residents are next. Did you have one with them? I read that too on the internet.

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Sub: #7
Replied on 08-07-2006, 07:58 AM
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Yes I did, I wonder what I should do?

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Sub: #8
Replied on 08-07-2006, 02:50 PM
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Massachusetts had this in place well over a year and a half ago. It's good to see that they are sticking to their guns.

Sub: #9
Replied on 08-07-2006, 04:11 PM
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Sue,

Maybe you should contact the AG's office to find out further details? You may be entitled to a refund which would be great for you Let me know if you need any help. Polly, thanks for posting this. It seems that these places are finally getting caught in their own tracks. Please let me know if I can be of any assistance to you.


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Sub: #10
Replied on 08-07-2006, 04:16 PM
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That is great news,Polly.Maybe other states will take notice and follow suit.One local pay day loan place here I never did have any trouble,even when I was late,but I don't think that's the norm!...Karen

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Sub: #11
Replied on 08-07-2006, 06:26 PM
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Thanks Mishele, I will do that tomorrow. I tried to find something online about it but couldn't, any ideas where everyone read it and I missed it?

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Sub: #12 quik payday
Replied on 08-07-2006, 06:31 PM
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Sue it was quik payday. They have signed cease and desist letter. You need to contact AG immediately so they will have your name on list. They usually send one big check and then cut seperate ones however I do think quik mails them to each individual. You will get back all interest paid. Sorry it took me so long to answer. KYSIDE38


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Sub: #13
Replied on 08-09-2006, 08:49 PM
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That is GREAT news! One state down, 49 to go!! Are PDL's illegal in any other states? Polly, as usual, thanks for sharing!

Sub: #14
Replied on 08-30-2006, 07:59 PM
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Yay Massachusetts! hooray for my home state! As for my new home Florida, they're still living in the past handing out payday loans like bank lollipops. Duuuuh! Stupid stupid Jeb Bush! Shame on you!

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Sub: #15 Location
Replied on 08-30-2006, 08:20 PM
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What part of Mass. are you from Ari?

Sub: #16
Replied on 08-31-2006, 09:43 AM
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I grew up in Sturbridge, and moved to Rockland when I got married, which is in the South Shore area.

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