Maryland goes after payday loan providers’ banking institutions to get rid of loans that are illegal Maryland’s economic regulator is trying to avoid unlawful payday that is online by going following the banking institutions which make the loans feasible. “with no lender that is payday bank, the payday loan provider can’t run in my own state,” stated Mark Kaufman, commissioner because of the state’s division of monetary legislation. These banking institutions offer use of the community which allows online lenders that are payday immediately withdraw loan payments from customers’ records. The organizations are all Maryland that is outside and reach for the state regulator, but Kaufman stated his workplace has turned throughout the names of eight banking institutions to federal regulators in present months. […]