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News  Division of Banks cautions consumers about payday loans.

The Massachusetts Division of Banks strongly advises consumers to avoid payday loans with predatory terms, including from tribal lenders.
4/22/2025
  • Division of Banks
  • Office of Consumer Affairs and Business Regulation
  • Division of Banks 

    The Division of Banks (DOB) is the chartering authority and primary regulator for financial service providers in Massachusetts. DOB's primary mission is to ensure a sound, competitive, and accessible financial services environment throughout the Commonwealth.
  • Office of Consumer Affairs and Business Regulation 

    The Office of Consumer Affairs and Business Regulation protects and empowers consumers through advocacy and education, and ensures a fair playing field for the Massachusetts businesses its agencies regulate.
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