State will continue to target online payday lending

State will continue to target online payday lending

Web payday advances harm consumers and place them in a debt trap that is major.

The other day, any office of western Virginia Attorney General Darrell McGraw filed case against eight businesses for his or her participation in Web payday loans.

Assistant Attorney General Norman Googel stated seven of this businesses being sued had been making Web payday advances to individuals in western Virginia. Even though the company that is eighthn’t directly making loans, it went a web site that customers when you look at the state could contact to have information regarding how exactly to get pay day loans. (more…)

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