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Why did out-of-state internet payday lenders stop lending to Tennessee residents?

Date: Mon, 07/12/2010 - 17:24

Submitted by anonymous
on Mon, 07/12/2010 - 17:24

Posts: 202330 Credits: [Donate]

Total Replies: 1


Why did out-of-state internet payday lenders stop lending to Tennessee residents?
I noticed even cashnetusa stopped lending in this state, per their website www dot cashnetusa dot com/fee-schedule.html I called the Tennessee state dept of banking and they said the law is unclear and he doesnt know. Does anyone know the answer?