In a not too surprising move, U.S District Court has ordered seven online payday lenders to cease offering payday loans. The move isn't all that unexpected considering the array of laws broken by these lenders. Seems a few rotten apples are spoiling the barrel.

The companies were not being compliant with many laws. Loan terms and rates were not disclosed properly. Abusive collections practices were implemented. Hidden charges were assessed, contrary to the Truth in Lending Act.

Well, with payday lenders like this offering payday loans online, it isn't any surprise that so many people have a bad impression of them. But Check City resolutely and positively denounces such lending practices.

Check City never uses profanity and abusive language in collections, never threatens to throw people in jail and never fails to disclose all the terms of our loans. We believe in being 100% compliant with all laws and regulations that govern our industry.

We adhere to the Truth in Lending Act and all other regulations. As a member of CFSA, we are dedicated to promoting responsible lending practices. Hopefully more payday lenders will follow our example and the general public will haev a better impression of our industry.

Check City condemns the acts of these online payday lenders who violated consumer trust and industry regulations. This will never happen to any individual applying for payday loans at Check City.