iPhone app iPad app Android phone app Android tablet app

Loan Sharking

Lawsuit Loans Are 'Legal Loan-Sharking,' Critics Say

The Huffington Post | Lila Shapiro | Posted 05.25.2011 | Business
Read More: Lawsuit Lending, Lawsuit Loans, Lending, Lawsuits, Loan-Sharking, Banks, Business News, Lawsuit Loan Sharks, Legal News, Business News

Over the last decade, banks, hedge funds and private investors have begun pumping money into other people's lawsuits in the hopes of sharing in the po...

Read Whole Story

William Alden

Bailed-Out Banks Finance 'Legalized Loan Shark' Lenders, Says New Report

HuffingtonPost.com | William Alden | Posted 05.25.2011 | Business
Read More: Tarp, Iowa, Bail Out, Economy, Bank of America, Bottom Feeders, Kansas, Predatory Lending, Bailout, Public Accountability Initiative, Chicago, Loans, Business News, National People's Action, Cash America, Fees, Interest Rates, Loan Sharks, TARP Money, Wells Fargo, Dick Durbin, ACE Cash Express, JP Morgan, Credit Suisse, Wall Street, Loan Sharking, Advance America, Missouri, Illinois, Business News

Big banks that received TARP bailout money are funding payday lenders -- companies Senator Dick Durbin (D - Ill.) termed "bottom feeders" -- and which...

Read Whole Story

Wall Street and Legalized Loan Sharks

Don McNay | Posted 05.25.2011 | Books
Read More: Elizabeth Warren, Gamblers, Lobbyists, Addictions, Bailouts, Bribery, What to Do When You Win the Lottery, Legislatures, Northern Kentucky, Don Donoher, Donoher Center, Columbus Ohio, University of Dayton Basketball, Consumer Protection Agency, Gary Rivlan, Bill Faith, Dayton Kentucky, Bad Reputation, Wall Street, New York Stock Exchange, Lottery Winners, North Carolina, JP Morgan Chase, Drug Addicts, Citigroup, Mcnay, Ollie McNay, Loan Sharks, Too Big to Fail Banks, Bishop Fenwick High School, Pawnshops, Joe Nocera, Syndicate Wife, Joe McNay, Joan Jett, Tax Refund Modification Loans, Clu, High Interest, Louisville, Jackson Hewitt, Hustlers, Million Dollar Round Table, Son of a Son of a Gambler, Paycheck to Paycheck, Hank Messick, A Piece of the Action, Dayton Ohio, Ohio River, University of Dayton, Frank "Screw" Andrews, Main Street, Entrepreneurs, donmcnay.com, Bank of America, Martin Eakes, Broke USA, Legalized Loan Sharks, Political Fundraising, American College, Personal Finance, Lexington, Covington Kentucky, Msfs, Chfc, Payday Lenders, Short Term Loans, Msm, Kentucky, Don McNay, Nasdaq, Prostitutes, Working Poor, Screw Andrews, Poverty Industry, Wall Street Bailouts, Vanderbilt University, Loan Sharking, Newport Kentucky, Eastern Kentucky University, New York Times, Cssc, Too Big to Fail, Books News
Don McNay

Gary Rivlan notes in his book, Broke USA, "the working poor have become big business." You wouldn't think that poor people would be a growth market, but businesses make big money off people who live paycheck to paycheck.

Read Whole Story