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Maryland goes after payday lenders’ banks to avoid loans that are illegal

Maryland goes after payday lenders’ banks to avoid loans that are illegal Maryland’s monetary regulator is attempting 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 during my state,” stated Mark Kaufman, commissioner with …

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DA Vance Announces Guilty Pleas of “Payday” Lenders for Criminal Usury Scheme

DA Vance Announces Guilty Pleas of “Payday” Lenders for Criminal Usury Scheme Manhattan District Attorney Cyrus R. Vance, Jr., announced the accountable pleas of CAREY VAUGHN BROWN, 57, in addition to two businesses he operated and managed, CREDIT PAYMENT SERVICES, INC. (“CPS”) and MYCASHNOW. (“MYCASHNOW”), to Criminal Usury in the 1st Degree for participating in …

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