MoneyTree gets cease and desist order in Washington

The Kitsap Sun reports that the state ordered Moneytree to stop allowing borrowers to use and then “rescind” small loans and stick to an eight-loan limit. Rescinding the loans allows a borrower to have a clean slate.

Moneytree has over 35 locations in the state of Washington.  They also operate in California, Colorado, Idaho and Nevada.

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