NC Bank Deal Marks Start Of Online Payment Crackdown

By Evan Weinberger (January 10, 2014, 6:29 PM EST) -- A small North Carolina bank's $1.2 million settlement Thursday of allegations that it facilitated billions of dollars in abusive online payday loans is the first of what will be many resulting from the U.S. Department of Justice's "Operation Choke Point," an attorney for the bank said....

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