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Com is not licensed by the Department of Business Oversight to engage in offering or originating consumer loans or payday loans. The Department of Business Oversight encourages consumers to verify the licensing status of companies prior to transacting business. California consumers should contact the Department of Business Oversight to check on the licensing of companies, investments commonwealth bank personal loan borrowing power other financial services they are considering by visiting the financial services licensee listing or calling the Department's toll-free Consumer Services Office at 1-866-275-2677.
082313 - The Department of Business Oversight has issued a consumer bulletin on unlicensed online lending. The Department warns potential borrowers to take extra caution when dealing with unlicensed Internet payday lenders who fail to obtain a license with the Department of Business Oversight, evading state laws and regulations designed to protect consumers.
The Alert provides advice and contact information to report unlicensed lenders. The bulletin can be found here.