The Nebraska Department of Banking and Finance on Tuesday announced it has issued a cease-and-desist order to an unlicensed payday lender.
The department said in a news release that an entity calling itself Steve's Payday Loans claims to be located at 7121 A St., Suite 100, in Lincoln, but an investigation found there is no such company at that address.
The department also said the phone number listed for the business does not go to a live person and disconnects before a caller can complete a transaction. A call to the number confirmed that.
The business is not registered with the department as a delayed-deposit services business in Nebraska, nor is it registered as a corporate entity with the Nebraska Secretary of State's Office.
The company does have a website offering online payday loans, but the Banking Department said the online loan forms on the site are not secure or encrypted, which could put the information entered there at risk of theft. Among the information required on the loan application is a Social Security number, bank account number and driver's license number.
The department cautioned people against doing business with Steve's Payday Loans and said anyone who has should call the department's Consumer Hotline toll free at 1-877-471-3445 or go to its website at www.ndbf.nebraska.gov to file a Financial Institutions complaint form.
An email sent to Steve's Payday Loans through its website was not immediately returned.