We have reviewed 23 Wyoming payday loan lenders.
Wyoming residents can choose from Wyoming licensed, out-of-state licensed, tribal-based and foreign-based lenders for their payday loans.
The Payday Hound strongly prefers licensed payday lenders as the Wyoming Division of Banking evaluates, regulates, and monitors the payday loans made by these lenders. See Wyoming Payday Loan Laws for more details on Wyoming laws and regulations or Payday Loans for more general information.
Unlicensed payday lenders include tribe-based lenders, lenders licensed in other states, and foreign-based lenders. Tribal and out-of-state licensed payday lenders operate under the interpretation that they can export their tribe or state laws into Wyoming and are required to adhere to federal lending laws but not Wyoming regulations. Federal laws may be less restrictive and less frequently enforced. The final group of lenders is foreign-based payday loan lenders. They export their countries' laws into Wyoming and are highly unregulated. See How to Choose A Payday Loan for more details.
The above is our understanding of how payday lending works in Wyoming, but we are not a law firm. Please contact the Wyoming Division of Banking for more information.