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  • March 23, 2021
  • by Admin

High-Interest Payday Loans Called Predatory, But Regulations Die In Iowa Legislature

High-Interest Payday Loans Called Predatory, But Regulations Die In Iowa Legislature Easy Cash Solutions, on First Avenue in Cedar Rapids, is pictured on 26 february Brian Curtis took away their first pay day loan whenever he had been 19. It took a lot more than ten years under it and the climbing interest payments that followed before he got out from. “It’s a trap,” he stated. Curtis, 37, and staying in Davenport, stated he'd roughly $5,000 in pay day loan financial obligation after taking right out loans for the $1,500 car repair while located in Florida, then once again as...
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  • March 23, 2021
  • by Admin

DA Vance Announces Guilty Pleas of “Payday” Lenders for Criminal Usury Scheme

DA Vance Announces Guilty Pleas of “Payday” Lenders for Criminal Usury Scheme Manhattan District Attorney Cyrus R. Vance, Jr., announced the responsible pleas of CAREY VAUGHN BROWN, 57, in addition to two businesses he operated and managed, CREDIT PAYMENT SERVICES, INC. (“CPS”) and MYCASHNOW.COM, INC. (“MYCASHNOW”), to Criminal Usury in the 1st Degree for participating in a scheme in order to make numerous short-term, high-interest loans – referred to as “payday” loans – to Manhattan residents. Included in a plea contract performed might 12, 2016, BROWN has recently forfeited $3 million, and it is limited by the regards to the...
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