04 Fév A California appellate court in a defeat for authorities seeking to crack down on Internet payday lenders
A California appellate court affirmed dismissal of a complaint filed by a state financial regulator against five Indian tribe affiliated loan providers in a defeat for authorities wanting to crack straight down on online payday lenders.
After a study, the Commissioner of this Ca Department of Corporations (now the Ca Department of company Oversight) filed a problem against Ameriloan, United Cash Loans, US Fast money, Preferred money, and another Simply Simply Click money alleging the defendants supplied temporary payday loans on the internet in breach of Ca legislation.