Former race-car driver Scott Tucker was arrested by federal agents today on racketeering charges related to his online payday lending operations that court documents say generated more than $2 billion. In an indictment unsealed today, a New York grand jury charges Tucker with bilking 4.5 million customers through illegal payday loans starting in 1997. In […]
Category: Debt Deception?
The new Consumer Financial Protection Bureau aims to end abusive lending but its reach will be tested as financial service businesses look for ways to escape regulation.
