Allow me to let you know about cash payday loan that is mutual

Allow me to let you know about cash payday loan that is mutual

Federal and state officials are breaking straight straight down on companies that offer sensitive and painful customer economic information to payday loan providers, the front that is latest in an ongoing battle to suppress high-cost loans.

Within the salvo that is latest, Illinois Attorney General Lisa Madigan filed case Monday against an organization that functions as a middleman between customers looking for loans and payday loan providers, several of that your prosecutor alleges are not certified doing business within the state.

The suit, filed in state court, alleges that the organization, MoneyMutual LLC, is operating as an unlicensed loan provider by organizing loans for customers that violate Illinois’s legislation limiting the charges which can be charged to borrowers. Continue reading