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Sep 30, 2011 Indeed, Bortner said she's never seen a case where an online payday lender took a borrower to court. Regulators in some states that license payday lenders routinely advise borrowers to follow Coons' example. Check with state authorities to see if the loan is illegal, and if it is, close your account.
Jul 5, 2016 While some states, like New York, have always banned payday loans, others have temporarily allowed — and then firmly rejected — payday lending. The stakes could not be higher — certainly for low-income families in states where payday lending is currently unchecked, but also for the 90 million