Payday loan provider’s emails tell a different tale on Choke aim

Payday loan provider’s emails tell a different tale on Choke aim

Payday loan providers have long blamed bias at federal agencies for banking institutions’ choices to end their records, but professionals at certainly one of the nation’s biggest high-cost loan providers acknowledged a far more reality that is complicated newly released e-mails.

While Advance America, a quick payday loan string that runs in 28 states, ended up being accusing regulatory officials of strong-arming banks to cut ties with payday loan providers, top professionals during the Spartanburg, S.C.-based company had been citing bankers’ issues about anti-money-laundering compliance. Continue reading

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