During the simply click of a mouse, unlicensed payday lenders found in other states are cashing in on Minnesota customers. Some payday lenders are taking their business online, charging customers big fees for small cash loans as Minnesotans struggle financially in tough economic circumstances.

Acknowledging this growing issue, Commerce Commissioner Mike Rothman took action this week with respect to Minnesota customers, breaking straight straight down on four payday loan providers for presumably supplying consumer small loan services on the internet with no appropriate permit.

Complaints gotten by the Commerce Department from three Minnesota customers led to formal fees against: Omega Investments, Ltd., LLC in Salt Lake City, Utah; Sanguine, Inc.

Assembly Bill 515 would produce a private database of payday, high-interest and title loans done in Nevada. The theory is always to produce information, with no names of men and women loans that are receiving that will better assist the state get a feeling of the industry’s tasks.

CARSON CITY — Nevada officials want an easier way to trace and know how the pay day loan industry works within the state.

Assembly Bill 515 would produce a database that is confidential of, high-interest and title loans done in Nevada. The theory is always to produce information, without having the names of individuals getting loans, that will better assist the state get a sense of the industry’s tasks.

The balance had been heard Monday when you look at the Assembly Government Affairs Committee which took no action regarding the bill.