Regional News

LoanMart Fined

(Salem, OR) -- The Oregon Division of Financial Regulation has fined LoanMart 660-thousand dollars for offering illegal loans. The interest rates exceeded 36-percent, which is the limit under state law. LoanMart has been ordered to stop operating in the state and must repay 900-thousand dollars in excessive interest charges that ranged from 126- to 178-percent.

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