Spirit

OFT crackdown on payday lenders – Channel 4 News

November 20, 2012 The OFT launches investigations into several payday lenders for “aggressive debt collection practices” and warns others that they risk enforcement action if standards do not improve. The Office of Fair Trading said it found evidence of aggressive tactics used by some lenders that were “so serious” that …

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Tucker convicted of payday loan program – Sportscar365

Photo: John Dagys A federal jury has found Scott Tucker guilty on all counts in a racketeering case centered on the $ 2 billion payday loan activity of the former owner / driver of the Level 5 Motorsports team. Tucker and his attorney Timothy Muir were convicted in Manhattan federal …

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Does McDonald’s offer payday loans to its employees?

The global fast food chain McDonald’s gives workers access to wages earned before payday. A customer takes his coffee at a McDonald’s restaurant in Pittsburgh on Wednesday, July 18, 2018 (AP Photo / Gene J. Puskar, File) “Accelerated pay” is the new employee advance McDonald’s CEO Steve Easterbrook Earned $ …

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What are personal loans used for?

A personal loan can be used for just about anything. You may see them advertised differently – as consolidation loans, travel loans, or medical loans – but they work the same. Unlike auto and home loans, most personal loans are unsecured, meaning that they are not backed by collateral like …

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More Payday Loan Gouging Stories

In a relatively new take on payday loan oversight, small lenders claiming ties to tribal entities cannot claim sovereign immunity from the granting of loans and the interest rates attached to those loans. . As reported by Courthouse News Service, sovereign immunity does not “protect” payday loan companies that are …

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