Payday lending pioneer indicted in U.S. on racketeering costs

Payday lending pioneer indicted in U.S. on racketeering costs

(Reuters) – A Pennsylvania businessman considered a pioneer within the loan that is payday had been indicted on Thursday for participating in a racketeering scheme, as an element of a wider U.S. crackdown on abusive financing practices.Charles Hallinan’s payday financing businesses produced significantly more than 688 million from 2008 and 2013, in accordance with prosecutors. Read more