There is no doubt that there are lots of Internet payday loans being processed everyday. State governments are starting to notice. They want Internet lenders to follow the same rules as brick and mortar lenders in their state. Most states have already adopted this stance, but it’s worth mentioning when it’s in the news.
The most recent state to bring this up is Idaho. A Senate committee has agreed to consider a bill that would require licenses for online payday lenders.
