Smith Haynes & WatsonвЂ™s permit suspended. Travis Kelso, product sales supervisor for Smith Hayes & Watson, declined to touch upon your order and referred concerns to your firmвЂ™s legal division.
A group business employed by pay day loan companies ended up being suspended by state regulators Monday as the loans had been written by unlicensed businesses whom violated state laws that are usury.
The Maryland Collection Agency Licensing Board within the working office of the Commissioner of Financial Regulation suspended Smith Haynes & Watson LLCвЂ™s license over complaints about collection efforts for pay day loans made online to Maryland residents.
Smith Haynes & Watson, located in Mission, Kan., ended up being gathering debts on behalf of payday loan providers including East Side Lenders LLC, of Newark, Del. East Side Lenders itself ended up being slapped with a cease and desist order in June. Continue reading