Category Archives: Oregon payday loans

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You will need to keep carefully the term you repay. Continue reading

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Washington State Payday Lenders Fined $1.2 Million, Face License Revocation

The Washington state dept. of banking institutions fined Advance Til Payday and Zippy Cash to make significantly more than 400 loans more than $700 to customers. DFI article following the jump.

Payday Lenders Slapped With More Than $1.2 Million in Fines DFI that is following Research

Zippy Money & Advance Til Payday industry that is facing and Investing Consumer Restitution

OLYMPIA, WA “In the state’s largest payday lending enforcement action, the Department of Financial Institutions (DFI) filed fees against payday loan providers, Advance Til Payday and Zippy money. One of the many allegations of misconduct, the payday lenders made over 400 loans more than the state’s $700 maximum loan limitation. DFI promises to revoke both organizations’ licenses, ban the people from working in Washington State, enforce fines, purchase restitution, and fee for the expense of the investigations. The firms may request a hearing to protect the costs.

“We will not tolerate lenders that are payday customers by overstepping the appropriate limits set by the legislature,” stated Deb Bortner, Acting Director of DFI’s Division of Consumer Services. “DFI will continue working faithfully to analyze customer complaints and control violators of Washington’s payday lending rules.”

Although the two businesses represented on their own as two individually owned entities, the division uncovered proof that Advance Til Payday and Zippy money have actually typical ownership. Loren C. Gill, President and owner of WCS Loans, Inc. d/b/a Advance Til Payday (Advance Til Payday), and Daniel M Van Gasken, handling Member and Executive Trustee of Zippy Cash, LLC d/b/a Zippy money and d/b/a Advance Til Payday (Zippy money), are known as into the costs. Continue reading

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