Chattanooga payday loan provider forced to power down web sites

Chattanooga payday loan provider forced to power down web sites

Ny shutdown page for unlawful” payday lenders”

Chattanooga payday loan provider and philanthropist Carey V. Brown was forced to shut their cash advance internet sites into the wake of a page from ny regulators urging banking institutions to choke down access for so-called “illegal loan providers.”

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