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The State of Oregon is fining an online payday lender that ended up charging an Oregon customer more than 800% in interest on a short-term loan. Spokesperson Lisa Morawski says an unlicensed Utah company lent an Oregon consumer $350 and charged them a total of $842 for the 52 day loan. Morawski says the Department of Consumer and Business Services is cracking down on unlicensed payday lenders. "But oftentimes we find that if a business isn't licensed in Oregon they often aren't following Oregon rules and laws governing payday lending. For instance; Oregon caps the annual interest rate at 36% in this particular case the lender ended up charging the consumer an annualized interest rate of over 800% for a loan." This company was fined $10,000 and told to cease and desist doing business in Oregon. If you'd like to protect yourself, make sure a lender is first licensed in Oregon. You can go to the DFCS website at dfcs-dot-oregon-gov or call them toll free at 1-866-814-9710.

 

 

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Traffic & Weather

 

 

 

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

Oregon State University off-site improvements for intersection reconstruction, July 11 – August 3,    7 a.m. – 4:30 p.m., at intersection of Chandler Avenue and Yates Drive.

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 
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