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#1
09-06-2013, 03:12 PM
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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..
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All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. ~ George Orwell, 1984. 
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#2
09-06-2013, 04:44 PM
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Quote:
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'.  i don't know how people sleep at night.
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Books serve to show a man that those original thoughts of his aren't very new at all. Abraham Lincoln
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#3
09-06-2013, 08:09 PM
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Except it's 3%-5% per week outside the store. No credit, paystubs etc. just a face.
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