Idaho issues cease-and-desist order to Utah Internet payday lender

Boise - The Idaho StatesmanNovember 13, 2013 

The Idaho Department of Finance issued a cease-and-desist order against an online payday loan provider, AAA-Payday Advance UT LLC. The lender lacks the required licensed to make payday loans to Idaho residents over the Internet, according to the order.

Department Director Gavin Gee asked Idahoans who have borrowed from AAA-Payday to contact the department at 1-888-346-3378.

"We're interested in furthering our investigation to learn the breadth of lending in Idaho undertaken by unlicensed Internet payday lenders," Gee said.

More information on payday lending laws and borrowers' rights is available a the department's website, http://finance.idaho.gov.

Idaho Statesman is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service