Loan sharks in Singapore use leaked phone records to hunt down debtors http://ift.tt/1oMcHz5 SINGAPORE Loan sharks have found another way of chasing down bad loans from borrowers who abscond before paying their debts. On Thursday a man who worked for a phone company was found guilty of abusing his privileged access to confidential information. As a customer service officer Tay Kun Hong could retrieve user details such as addresses and national identification numbers which he handed over…
THE PROBLEM Payday lenders purposefully ensnare people in debt they can’t escape. These legalized loan sharks collect 75 percent of their fees from people stuck in more than 10 loans a year by charging 300 percent APR. It’s a debt trap. THE SOLUTION We can rein in the worst payday lending abuses with a proposed rule from the Consumer Financial Protection Bureau. Payday lenders are fighting to keep their unfair and abusive practices going. It’s up to us to make sure the CFPB hears loud and c
Sketchy payday loan sharks, whose short-term, high-interest loans trap millions of Americans in a cycle of debt, have a new ally on Capitol Hill—Democratic National Committee chair Debbie Wasserman Schultz, who is reportedly pushing a bill that would "gut" forthcoming industry regulations.
The Power of Mentors and The Importance of Paying It Back The Power of Mentors and The Importance of Paying It Back Enjoy this video from one of my favorite "sharks"Daymond John! If you really want to take your dreams to the next level listen to this series of videos from Daymond.. Now get his latest book The Power Of Broke. "Feel The Power" Annette daymond john
£5000 of Loan Sharks Cash Available to Residents in Cumbria http://www.cumbriacrack.com/wp-content/uploads/2014/09/loan-shark-e1441369243633.jpg The Illegal Money Lending Team, who investigate and prosecute loan sharks, are putting forward multiple pots of £5000 of Proceeds of Crime Money http://www.cumbriacrack.com/2016/09/09/5000-loan-sharks-cash-available-residents-cumbria/
The state of Alabama has real problems. We have a terrible public school system, an underfunded Medicaid program that provides most of the medical care to children in this state, legal payday loan sharks that charge 456% interest to ensnare unsophisticated poor folks in an endless cycle of debt dependence, crumbling infrastructure, a governor under investigation by …
Federal regulators have proposed new rules to rein in payday lenders, and those of us who’ve been fighting these legalized loan sharks for years are bracing for a major backlash from the industry while also pushing for tougher standards.Issued by the Consumer Financial Protection Bureau (CFPB), the proposal comes after years of grass roots pressure – in the face of nasty opposition by loan predators.