Washington State Department of Financial Institutions

Consumer Alert:
Northway Broker Ltd. d/b/a 247Greenstreet.com

Unlicensed Payday Lender

Posted: December 6, 2013

The Washington State Department of Financial Institutions (DFI) has received a complaint from a Washington consumer who reported they obtained online payday loan from 247Greenstreet.com. The consumer complained of lack of an installment plan and that the entity indicated it did not follow Washington law since it was located in Malta.

247GreenStreet.com provides the following contact information for this entity:

Phone: 877-696-1822;
Fax: 866-591-9347;
Email: customercare@247greenstreet.com.

247GreenStreet.com has the following web registrant information:

Registrant Organization: Northway Broker Ltd
Registrant Name: Sandro Bianco
Registrant Street: Level 5 - Plaza Commercial Centre, Bisazza Street
Registrant City: Sliema
Registrant Postal Code: SLM 1640
Registrant Country: MT
Registrant Phone: +356.22606000
Registrant Email: dnsmanagement@northwaybroker.com

The Washington State Department of Financial Institutions has not licensed either Northway Broker Ltd or 247GreenStreet.com as a payday lender or as a consumer loan company. This entity is also not registered to conduct business in Washington State by the Department of Revenue or the Secretary of State.

Uncollectable and Unenforceable

Washington residents are advised that state law provides in RCW 31.45.105(1)(d) and (3) that a small loan made by an unlicensed entity to a person physically located in Washington is uncollectible and unenforceable in Washington State.

Verify Licenses

DFI strongly recommends that consumers deal only with those lenders that are properly licensed to conduct business. Consumers can determine whether lenders are properly licensed using the “Verify a License” feature on DFI’s website at www.dfi.wa.gov.

Payday Loan Debt Collection Laws

Collection activities are subject to the federal Fair Debt Collection Practices Act. Therefore, if you have questions regarding debt collection laws please contact the Federal Trade Commission at 1-877-FTC HELP, or online at www.ftc.gov.

Report Fraud

Washington State residents, if you are suspicious of unlicensed activity by a payday lender please contact the Washington State Department of Financial Institutions at 1-877-RING-DFI (746-4334), or online at www.dfi.wa.gov.

If you live in another state, find your state regulator.

If you feel you have been the victim of a loan scam please contact the Federal Trade Commission at 1-877-FTC-HELP (382-4357) or online at www.ftc.gov; or contact the Consumer Financial Protection Bureau (855) 411-CFPB or online at www.consumerfinance.gov. Because the scammers have access to bank account information and social security numbers, victims should consider themselves victims of identity theft and take appropriate precautions. The Federal Trade Commission has information for victims of identity theft available online at www.ftc.gov.

If you feel you have been the victim of a loan scam involving the Internet please contact the Internet Crime Complaint Center online at www.ic3.gov.

If you feel you have been the victim of a loan scam and are concerned about your personal financial information, contact your banking institution, and the three major credit bureaus.

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