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The Predators’ Creditors: the way the Biggest Banking institutions are Bankrolling the pay day loan Industry

The Predators’ Creditors: the way the Biggest Banking institutions are Bankrolling the pay day loan Industry

This follwoing report from National individuals Action traces connections amongst the biggest payday lenders and Wall Street banking institutions, including funding arrangements, leadership ties, assets, and shared techniques. listed below are a number of the report’s key findings:

A interest that is national limit of 36% would effortlessly place payday loan providers away from

company, based on Advance America’s disclosure filings, but this kind of limit

neglected to gain traction through the monetary reform procedure as a result of the clout associated with

financial industry’s lobby. Read More

The Predators’ Creditors: the way the Biggest Banking institutions are Bankrolling the pay day loan Industry This follwoing report from National individuals Action traces connections amongst the biggest payday lenders and Wall Street banking institutions, including funding arrangements, leadership ties, assets, and shared techniques. listed below are a number of the report’s key findings: A […]

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