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Maryland goes after payday lenders’ banking institutions to quit loans that are illegal

Maryland goes after payday lenders’ banking institutions to quit loans that are illegal

Maryland’s economic regulator is attempting to avoid unlawful payday that is online by going following the banks which make the loans feasible.

“with no payday lender’s bank, the payday loan provider can’t operate in my own state,” stated Mark Kaufman, commissioner with all the state’s unit of monetary legislation.

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