Payday Loans Quiz

2. How many calls did consumers make to the Division of Finance about payday loans in 2010?

a. INCORRECT

The Missouri Division of Finance received an average of one call per day in 2010 concerning payday lenders, and there were 102 formal complaints filed during the reporting period.

Reference: Missouri Division of Finance. (2011). Report to General Assembly pursuant to section 408.506 RSMo. Retrieved January 20, 2011 from http://finance.mo.gov/consumercredit/documents/2011PaydayLenderSurvey.pdf.