One NY regulator utilizing power positively to quash predatory lenders
 

http://www.nationalmemo.com/making-t...oor-borrowers/

A single, effective stroke by New York Banking Regulator Benjamin Lawsky to stop usury 'payday loan' types..

good.

i worked with a guy once several years back who borrowed money. he had to pay back 60 a week. but with 'interest' the 60 went nowhere....so, essentially he'd never pay it back. i loaned him the money, said pay me the 60, he was done with it in a few weeks.

the way people treat others is, frankly, disgusting.

i heard some stories a few months ago from a guy who lost his brother in a car accident. the ways people tried to screw over the widow made me furious. luckily, no one could because her husband left her with a hefty life insurance policy...so she didn't have to take the suddenly lowered offer on the house they were selling.

just found out yesterday that the widow of a friend we just lost got an offer from her late husbands two business partners for her third. they offered her a paltry amount. it's what the business made in one month. why would they offer it? because they think she's desperate. she's having to hire a lawyer. yeah, they are such 'good friends'. :rolleyes:
i don't know how people sleep at night.

Except it's 3%-5% per week outside the store. No credit, paystubs etc. just a face.