Olympia, WA – when you look at their state’s biggest lending that is payday action, the Department of finance institutions (DFI) filed fees against payday loan providers, Advance Til Payday and Zippy money. The payday lenders made over 400 loans in excess of the state’s $700 maximum loan limit among the numerous allegations of misconduct. DFI promises to revoke both ongoing payday loans open 24 hours North Branch MN businesses’ licenses, ban the people from conducting business in Washington State, enforce fines, purchase restitution, and cost for the expense of the investigations. The businesses may request a hearing to guard the fees.
“We will not tolerate payday loan providers harming customers by overstepping the legal limits set because of the legislature,” stated Deb Bortner, Acting Director of DFI’s Division of customer Services. “DFI will carry on working faithfully to research customer complaints and discipline violators of Washington’s payday lending laws.”