Minnesota court that is federal is warning to lead generators

Minnesota court that is federal is warning to lead generators

A Minnesota district that is federal recently ruled that lead generators for a payday lender might be responsible for punitive damages in a course action filed on behalf of most Minnesota residents whom utilized the lender’s site to obtain a quick payday loan during a specified time frame. An important takeaway from your decision is that an organization getting a letter from a 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 necessary 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, Consumer Fraud Act, and Uniform Deceptive Trade procedures Act.Continue reading