Minnesota federal court decision is warning to lead generators

Minnesota federal court decision is warning to lead generators

A Minnesota federal region court recently ruled that lead generators for a payday lender might be accountable for punitive damages in a class action filed on behalf of all of the Minnesota residents whom utilized the lender’s web site to obtain a quick payday loan during a specified time frame. a takeaway that is important your choice is that an organization finding a letter from the regulator or state attorney general that asserts the company’s conduct violates or may break state legislation should check with outside counsel regarding the applicability of these legislation and whether an answer is needed or could be useful.

The amended issue names a payday loan provider as well as 2 lead generators as defendants and includes claims for breaking Minnesota’s payday financing statute, customer Fraud Act, and Uniform Deceptive Trade procedures Act. Continue reading “Minnesota federal court decision is warning to lead generators”