Just Curious
Date: Wed, 11/05/2008 - 06:56
"File complaints against Internet payday lenders with your state regulator, your state Attorney General, and the Federal Trade Commission. Regardless of where the Internet lender says it is located, it is subject to your state's credit regulations."
Will a statement like this be helpful when dealing with my PDLs.
reply
oh yeah it will.attach it to your email.print it and send it via the usps,but use that.they still will stupidly argue with you.then you just don't communicate until your AG and others get through with them.
Thats good, I wish out attorney general's website had a statemen
Thats good, I wish out attorney general's website had a statement like that.
dawnlango7, That in NOT unique to TX, it can be used for any
dawnlango7,
That in NOT unique to TX, it can be used for any state. Each state regulates loans and interest for thier own state. The main federal regulation is regarding active military members, their interest is capped at 36% apr.
I was referring to the content in the message. I live in CT whe
I was referring to the content in the message. I live in CT where PDL's are illegal and I wish attorney general had a message like that on the site. I had to do a lot of searching to find out anything about contacting someone in CT to complain to and it would have been nice to see a little blurb lilke that giving you an idea of where to go.
The issue is similar to what the Iowa Dept of Banking deals with
The issue is similar to what the Iowa Dept of Banking deals with here regarding Internet loans. All that they can do is advise the lender that they are violating the law, that is if they can find them. With state budgets as tight as they are today, they will not spend much time trying to track down offshore lenders. The consumer that takes an online loan out in an unregulated or illegal state does so at thier own risk. Do not borrow from an online lender unless they display a license from your state!!!