Minnesota Sues Several Online Lending Companies Over “Predatory” Loan Practices
ST. PAUL (KVRR) — Minnesota Attorney General Keith Ellison is suing several online lending companies. Bright Lending, Green Trust Cash and Target Cash Now are accused of consumer fraud after issuing thousands of loans to Minnesotans that were in violation of Minnesota and federal laws. It is alleged that the companies “predatory” small loans charge anywhere from 400% to 800%…
