Online Payday Loans
Pay Day Advance Calculator FAQ Need Help?
apply now
« Police on the Lookout for Cash Advance store Robber | Main  | Understanding the Responsibilities Associated with Cash Loans »
  MetaBank Told to Stop Payday Loan Program

In the state of Iowa, a bank was recently told by federal regulators that it could no longer make short-term payday loans or tax refund loans to its customers who have prepaid debit cards.  The regulators said that issuing such loans to these types of customers violates the federal unfair or deceptive practice laws.

MetaBank was contacted by the Office of Thrift Supervision, the federal government's bank regulator, and told to stop offering such lines of credit through its iAdvance program immediately.  The program offered short-term, high interest loans to customers who had prepaid debit cards.  Aside from offering payday loans, the program was also used by customers to borrow money against their anticipated tax refunds.

If you are in need of immediate cash, apply for a payday loan online with ConnectedCommunities!  We offer payday loans with zero credit checks and you can get the money your need within 24 hours.

Categories: Cash Loans, Payday Loans

First Name

Last Name



Zip Code

Recent PayDay Loans News
News Archives
Payday Loans
Cash Advance
Cash Loans
Online Payday Loans
Same Day Loans
Paycheck Advance
Visit our Pay Day Loan blog