Payday loan provider’s e-mails tell a story that is different Choke aim

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

While Advance America, an online payday loan chain that operates in 28 states, had been accusing regulatory officials of strong-arming banking institutions to cut ties with payday loan providers, top executives during the Spartanburg, S.C.-based business were citing bankers’ concerns about anti-money-laundering conformity. (далее…)