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Consumer Alerts. Payday Lenders Archives. Online Payday Ethical cash advance. California Department of Business Oversight Advises Caution for Payday Loan Consumers. The Department has posted an updated Internet Payday Lending Alert for consumers who might consider using payday cash advances from online lenders. The alert is also available in Spanish. The Department warns potential borrowers to take extra caution when dealing with unlicensed Internet payday lenders who fail to obtain a license with the Department of Business Personal loans yellow pages, evading state laws and regulations designed to protect consumers.
The Alert provides advice and contact information to report unlicensed lenders. What can happen if I use an unlicensed Internet payday lender. Lenders may collect from your bank account directly without your permission, even if you are unable to repay the loan.
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