Maryland goes after payday loan providers’ banking institutions to prevent loans that are illegal

Maryland goes after payday loan providers’ banking institutions to prevent loans that are illegal

Maryland’s monetary regulator is attempting to avoid unlawful payday loans online by going following the banking institutions that make the loans feasible.

“with no lender that is payday bank, the payday loan provider can’t run within my state,” said Mark Kaufman, commissioner because of the state’s unit of economic legislation.

These banking institutions offer usage of the community enabling online lenders that are payday immediately withdraw loan re ...

Continue Reading →