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California warns of online payday loan risks

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Apr 15, 2013 According to recent statistics from the California Department of Corporations, there were more than 2,100 storefronts offering payday loans in 2011. For low-income communities and credit-impaired consumers who pose more risk than banks want to take, payday lenders can be the most convenient and 

Warning: Predatory Lender - Consumer Finance Monitor

Aug 8, 2013 Regulators also are using bank oversight examinations to drive a wedge between banks and the online payday lenders they serve. They are warning banks during routine examinations to avoid the “reputational risk” of being tied publicly to an unpopular industry, whether by financing loans or processing 

Predatory Lending: Laws & Unfair Credit Practices - Debt.org

Apr 2, 2018 Watch out for unlicensed lenders. Borrowing online can be a lot more convenient than visiting a payday lender in person. But it also comes with a higher chance of borrowing from an unlicensed lender. The DBO warns borrowers against the following risks of borrowing from an unlicensed lender. Illegally 

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