More than 6,300 Missouri residents will receive refunds or have their debts voided after the state’s attorney general reached an agreement with an online payday lender based on a Sioux reservation in South Dakota. [More]
online payday loans
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Missouri AG Shuts Down Eight Online Payday Lenders Operating From South Dakota Reservation
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Online Payday Loans Cost More, Result In More Complaints Than Loans From Sketchy Storefronts
We understand why someone might opt for getting a payday loan online instead of doing it in person. It’s easier, faster, doesn’t require going to a shady-looking storefront operation where some trained fast-talking huckster might try to upsell you unnecessary add-ons or tack on illegal insurance policies. But the truth is that people who get their payday loans online often end up in a worse situation than they would have if they’d applied in person. [More]
![SCOTUS Decision Proves States Have Power Over Payday Lenders Claiming Tribal Affiliation](../../consumermediallc.files.wordpress.com/2014/05/loans-small1.png?w=158&h=101&crop=1)
SCOTUS Decision Proves States Have Power Over Payday Lenders Claiming Tribal Affiliation
While a U.S. Supreme Court decision yesterday in the case of a Michigan Native American tribe’s allegedly illegal casino appears to have nothing to do with payday lending, experts say it’s a game changer in states’ efforts to rein in the often predatory industry. [More]
![Where Did All Those Internet Payday Loan Ads Go?](../../consumermediallc.files.wordpress.com/2013/11/problemsolver.jpg?w=300&h=152&crop=1)
Where Did All Those Internet Payday Loan Ads Go?
High-interest short-term loans are illegal in many states, but for a brief moment, lenders sought customers in these states anyway. In ads online and on TV, you may have noticed them: commercials that played up the companies’ Native American ownership, which made them totally legal in states where payday loans are normally illegal. “Nice try,” said state regulators. [More]