Audit raises questions regarding payday financing oversight

Audit raises questions regarding payday financing oversight

Borrowers overpay almost 8,100 times

State regulators allow payday lenders slide on a lot more than 8,000 “major violations,” in line with the Louisiana legislative auditor, a lapse which had one or more lawmaker Monday formally asking for a joint legislative research.

“You have every one of these 8,000 violations and also you have actuallyn’t examined a solitary penalty; that’s borderline fraudulence if you ask me,” said state Rep. Continue reading Audit raises questions regarding payday financing oversight

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