Defendant Extended More Than $220 Million In Predatory Lending Scheme To 620,000 Struggling Americans A federal court in Manhattan convicted Richard Moseley for operating a $220 million predatory lending scheme. Moseley was convicted on the charges of wire fraud and aggravated identity theft as well as RICO and TILA violations. Moseley was operating a payday lending […]
Congressman Alcee Hastings implicated in alleged bribery scheme benefiting payday lenders Florida Congressman Alcee Hastings and 11 Congressmen are under investigation for their involvement with payday lenders. Hastings allegedly took campaign contributions from lobbyists shortly before or after taking official actions in support of the industry. The Florida Bulldog reports that the Campaign for Accountability requested […]
It’s Over For The Little Guy As Wells Fargo Begins Loansharking By Squeezing Out The Locals And Charging $225%-300% APR “Ask a brother who’s been downsized if he’s getting any deal. Oh, a brother can work in fast food if he can’t invent computer games but what we used to call America, that’s going […]
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