DFI spokesman George Althoff confirmed that some loans aren’t reported under pay day loan statutes.

DFI spokesman George Althoff confirmed that some loans aren’t reported under pay day loan statutes.

Between July 2011 and December 2015, DFI received 308 complaints about payday lenders. The department reacted with 20 enforcement actions.

Althoff said while ‚DFI makes every work to ascertain if your breach regarding the payday financing legislation has taken place,‘ a number of the complaints had been about activities or companies maybe maybe not controlled under that legislation, including loans for 91 times or higher.