Payday loan providers have long blamed bias at federal agencies for banking institutions’ choices to end their reports, but professionals at certainly one of the country’s biggest high-cost loan providers acknowledged an even more reality that is complicated newly released e-mails.

While Advance America, an online payday loan string that runs in 28 states, had been accusing regulatory officials of strong-arming banking institutions to cut ties with payday loan providers, top professionals during the Spartanburg, S.C.-based business had been citing bankers’ issues about anti-money-laundering conformity.

The e-mails had been released by the banking regulators in court filings that rebut the payday lenders’ allegations of misconduct.

Companies that provide high-cost, short-term loans to customers have actually accused the Federal Deposit Insurance Corp. while the workplace for the Comptroller associated with the Currency of waging a stealth campaign — with the Department of Justice’s procedure Choke aim — to shut them from the bank system.

Throughout a [...]