Massachusetts Residents
Date: Sat, 06/03/2006 - 12:10
I found this little nugget on Mass Div. of Bankings website.
Quote:
Quote:
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. |
Well that is certainly interesting! I'm glad that the state of M
Well that is certainly interesting! I'm glad that the state of Mass. is taking action against the crooked operators of those online pdls. Maybe this will be like a chain reaction with all 50 states.
Let's hope other states follow in their footsteps. :)
Let's hope other states follow in their footsteps. :)
