Payday loan provider’s email messages tell a various tale on Choke aim

Payday loan provider’s email messages tell a various tale on Choke aim

Payday loan providers have long blamed bias at federal agencies for banking institutions’ choices to end their reports, but professionals at certainly one of the country’s biggest high-cost lenders acknowledged an even more complicated truth in newly released e-mails.

While Advance America, a quick payday loan string that runs in 28 states, had been accusing regulatory officials of strong-arming banking institutions to cut ties with payday loan providers, top professionals in the Spartanburg, S.C.-based business had been citing bankers’ issues about anti-money-laundering conformity. Continue reading “Payday loan provider’s email messages tell a various tale on Choke aim”