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 economic regulator is wanting to avoid unlawful payday that is online by going following the banking institutions which help make the loans feasible.

“with no payday lender’s bank, the payday loan provider can’t run within my state,” stated Mark Kaufman, commissioner using the state’s unit of monetary legislation. Read more