Payday Lending Pioneer Convicted

Thanks! Share it with your friends!

Close

On Monday a Pennsylvania man considered a pioneer in the payday lending industry was found guilty of engaging in a racketeering scheme. The scheme helped fund businesses that generated $688 million from short-term loans to hundreds of thousands of people. According to prosecutors, Charles Hallinan owned and operated more than a dozen payday lending businesses. He was found guilty by a federal jury in Philadelphia on all counts he faced.

Comments

Write a comment