How can I tell if a payday lender is licensed to do business in my state?

Answer: If you want to know whether a payday lender is licensed to do business in your state, verify the information with your state banking regulator or attorney general.

You may never know unless you ask. Many states have consumer protection laws that apply to payday loans. But lenders that are not licensed to do business in your state might not follow those rules or offer you other protections required by your state. Some online payday lenders might not even be located in the U.S. Some payday loans offered online might not be legal in your state.

If you want to know whether a lender is licensed to do business in your state, verify the information with your state banking regulator or attorney general.

Ask CFPB provides general consumer information. It is not legal advice or regulatory guidance. The CFPB updates this information periodically.

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