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Chattanooga payday loan provider forced to power down internet sites

Chattanooga payday loan provider forced to power down internet sites

Ny shutdown page for unlawful” payday lenders”

Chattanooga payday loan provider and philanthropist Carey V. Brown happens to be obligated to shut their payday loan web sites into the wake of the page from nyc regulators urging banks to choke off access for alleged “illegal loan providers.”

The page, delivered to major U.S. banking institutions at the beginning of August, asked banking officials to quit Brown as well as other loan providers from accessing the nationwide automated clearing home system — the lifeblood of online payday lenders. (more…)