Without a doubt about With Mafia-busting law, feds indict payday financing pioneer

Without a doubt about With Mafia-busting law, feds indict payday financing pioneer

Federal authorities charged a pioneer within the multibillion-dollar payday-loan industry Thursday into the Justice Department’s latest and case that is largest targeted at stifling abusive lenders that have evaded state and federal legislation with stunning effectiveness.

Prosecutors allege that Charles M. Hallinan – a 75-year-old investment that is former, a Wharton School graduate, and a Main Line resident – dodged each brand brand new law designed to stifle usurious loans if you are paying founded banking institutions and indigenous US tribes to act as fronts for his loan providers. Continue reading “Without a doubt about With Mafia-busting law, feds indict payday financing pioneer”