http://slog.thestranger.com/2007/01/state_payday_lenders The state Department of Financial Institutions just sent out a press release announcing more than $1.2 million in fines against two payday lenders operating in the state, Advance Til Payday and Zippy Cash. The companies exceeded the state's $700 maximum limit in more than 400 loans. Both will have their licenses revoked and be banned from operating here. Although Advance and Zippy present themselves as separate entities, they're owned by the same company, WCS Loans, Inc. Investigators found that customers often went to both stores to cash in on multiple loans, thus initiating a cycle of debt that the state... Copyright 2008 Thu, 04 Jan 2007 16:53:19 -0800 Sat, 06 Jan 2007 13:39:19 -0800 http://www.movabletype.org/?v=3.34 http://blogs.law.harvard.edu/tech/rss I use to work for this company until a year ago. Nice to see they were finally reported. When I quit, some very poor DM's were running the show.

]]> Sean http://slog.thestranger.com/2007/01/state_payday_lenders#c584631 http://slog.thestranger.com/2007/01/state_payday_lenders#c584631 News Sat, 06 Jan 2007 13:39:19 -0800