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 payday lenders that are largest and Wall Street banking institutions, including funding arrangements, leadership ties, assets, and shared techniques. Listed below are a few of the report’s key findings:

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Cash advance organizations rely greatly on funding from big banking institutions, including
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