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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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  • 27th Street Bear Creek Road and Forum Dr. down to a single lane 6a – 10p Signal light at 27th and Forum will be disabled and only right turns off 27th will be allowed.

 

  • Road closures along Roosevelt Ave >< Silver Lake Blvd -Chamberlain St. 7a-5p (9/6-11/20)

 

  • Lane closures and detours Mt. WA Dr at Shevlin Park Road North to Regency (7/11-11/30)
 
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