Warns Other Loan Companies on Pay Day Loans

Warns Other Loan Companies on Pay Day Loans

The Massachusetts workplace of customer Affairs and Business Regulation therefore the Division of Banking institutions this week announced a number of cease sales focusing on unlicensed loan providers and a debt that is licensed that weren’t sticking with the state’s loan customer defenses.

The Division of Banks ordered Nevada-based Delbert Services Corporation, a debt that is licensed, and its own owner, John P. Reddam, to immediately stop gathering re payments on over 100 unlawful loans built to Massachusetts customers. The Division additionally issued instructions to five unlicensed, Internet-based loan providers who offered loans to Massachusetts customers. Continue reading “Warns Other Loan Companies on Pay Day Loans”