(Neb)-State Issues Warning On Payday Lender
LINCOLN, Neb. (AP) - The Nebraska Department of Banking and Finance has issued a cease-and-desist order to an entity calling itself Steve's Payday Loans and is warning residents against doing business with the company because it's not licensed to do business in Nebraska.
The department says Steve's Payday Loans claims to be located in Lincoln, but an investigation found there is no such company at the address it lists on its website and that calls to a phone number listed on the company's website were immediately disconnected by an automated system.
The state also says online loan forms on the website are not secure or encrypted, which could put the information entered there at risk of theft.
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