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Washington State Department of Financial Institutes Warns Consumers About Web Pay Day Loans

Washington State Department of Financial Institutes Warns Consumers About Web Pay Day Loans

“Most Internet-based pay day loan loan providers are, in reality, perhaps perhaps maybe not certified to accomplish company in Washington,” DFI Director of Consumer Services Deborah Bortner explains. “When a customer takes that loan from an unlicensed loan provider, there is certainly almost no we could do in order to protect them, and sometimes small we are able to do in order to the organization when they don’t stay glued to our laws and regulations, particularly if they’ve been positioned outside the United States.”

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