Some Lending Firms In State Being Probed

COLUMBIA (AP) – The Consumer Affairs office is investigating a half dozen state-licensed lending companies that Sen. John Lindsay claims are charging “unconscionable” loan fees and causing people desperate for money to lose their homes. Steve Hamm, the state’s Consumer Credit Administrator and Consumer Advocate, said there’s “a definite possibility” he might take away some state lending licenses at the end of the probe. His … Continue reading Some Lending Firms In State Being Probed

State consumer agency probes lending companies

By David ReedAssociated Press The state consumer affairs department is investigating a half dozen state-licensed lending companies that Sen. John Lindsay claims are charging “unconscionable” loan fees and causing people desperate for money to lose their homes. Steve Hamm, the state’s Consumer Credit Administrator and Consumer Advocate, said there’s “a definite possibility” he might take away some state lending licenses at the end of the … Continue reading State consumer agency probes lending companies