Payday lending is inherently predatory and private equity is turbocharging its abuses, enlarging the burden it places on low-income individuals and borrowers of color.
Checksmart Financial and California Check Cashing Stores into Community Choice Financial in 2011, and over the years, acquired or rolled up other companies like CURO and Direct Financial Solutions to build what is now a network of nearly 500 locations nationwide.
Predatory lenders owned by private equity firms create incentives for their employees to mislead consumers on loan requirements. Private equity firms often pressure employees at predatory lenders they own to sell what are known as “add-on products.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Hot Private-Equity Job Market Could Become Scorching With Noncompete BanA proposed federal ban on worker noncompete agreements could inflate already high private-equity salaries, while posing challenges to firms to keep top talent
Consulte Mais informação »
Bed Bath & Beyond reportedly selling assets to private equity firm, retailer says no commentThe New York Times has reported that Bed Bath & Beyond is the in the process of selling chief assets like Buy Buy baby to Sycamore Partners in New York.
Consulte Mais informação »
New Bill Would Overhaul Colorado's Marijuana Delivery, Social Equity ProgramsJust over two years into the state's social equity initiative, a bill proposing to overhaul the program was introduced on the first day of the 2023 legislative session.
Consulte Mais informação »
Healey offers more detail on her promised equity audit of Mass. governmentIn her inaugural speech last week, Gov. Maura Healey said that she would direct each agency under her administration to conduct a full equity audit. She expanded on that idea during an interview on Thursday.
Consulte Mais informação »
MLK weekend to feature tributes, commitments to race equityAnnual tributes and commemorations of the life and legacy of the Rev. Martin Luther King Jr., which begin nationwide on Friday, typically include a mix of politics, faith and community service. For this year's celebration, the 37th since its federal recognition in 1986, a descendant of King hopes to spur progress by helping more Americans personalize the ongoing struggle for racial equity and harmony.
Consulte Mais informação »
MLK weekend to feature tributes, commitments to race equityThe CEO of the King Center in Atlanta says she hopes to spur progress during this year's observances of Martin Luther King Jr. Day by helping more Americans personalize the struggle for racial equity and harmony
Consulte Mais informação »