Payday Lending

Payday lending is a financial service with high fees that can place borrowers with no savings or available credit at risk of greater indebtedness and more long-term credit problems. It also can meet a need for those who have few or no other credit options. The following links provide information for consumers about payday lending in Oregon, including new restrictions approved by the legislature -- which will take effect next year -- as well as current regulations. You'll also find information on how to check to see if a lender is properly licensed, and how to file a complaint.

Governor Kulongoski signs payday loan regulation into law

SB 1105 -- Payday lending restrictions effective July 1, 2007

Consumer information: Payday loans in Oregon

Fact Sheet: Payday loans in Oregon

File a complaint against a payday lender

Search for consumer finance licensees, including payday and title lenders

Statutes and Rules relating to consumer finance lenders, including payday and title lenders

Consumer Finance