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Minnesota attorney general sues 5 online payday loan providers

You’ve seen the loan that is payday in strip malls. Now, individuals in hopeless need of money are switching to online loan providers, as well as the Minnesota lawyer general states some clients are increasingly being illegally shaken straight down.

Five Web loan providers will be the goals of split legal actions filed Tuesday in Minnesota, citing illegal financing techniques. The investigation that spurred the legal actions, brought by Minnesota Attorney General Lori Swanson, identified “unlawfully high interest levels as high as 782 %, ” unauthorized withdrawals from customers’ bank accounts and a collection scam that is phony. 继续阅读Minnesota attorney general sues 5 online payday loan providers