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A 2001 comparison of short-term lending rates charged by the Chicago Outfit organized crime syndicate and payday lenders in California revealed that, depending on when a payday loan was paid back by a borrower (generally 1–14 days), the interest rate charged for a payday loan could be considerably higher than the interest rate of a similar ...
The business, which generated over $3.5 billion in revenue from just 2008 to June 2013, [1] ultimately made loans to at least 4.5 million Americans. [1] When state regulators tried to shut down his operations, Tucker made deals with Native American tribes to claim ownership of his business and invoke sovereign immunity from state courts. [2]
Lenders called these neighborhoods never-never land. This created the subprime predatory lending world. Subprime lenders specialize in B, C, and D paper. [18] Predatory lending is the practice of overcharging a borrower for rates and fees, average fee should be 1%, these lenders were charging borrowers over 5%. [19]
[21] [22] It is not clear whether a "stop and identify" law could compel giving one's name after being arrested, although some states have laws that specifically require an arrested person to give their name and other biographical information, [23] and some state courts [24] [25] have held that refusal to give one's name constitutes obstructing ...
She was charged with one misdemeanor count of driving under the influence of alcohol, and is due in court on Dec. 27, according to the Chicago Police Department. Samantha Steele was elected to the ...
The GAO found that in the period January 2008 to March 2010, mortgage servicers charged off 46,000 properties, with 60 percent of the charge-offs occurring before an initial foreclosure filing was made. In this period, Detroit, Michigan had the highest number of bank walkaways, with Chicago, Illinois being second.
A sentence can take a number of forms, such as loss of privileges (e.g. driving), house arrest, community service, probation, fines and imprisonment. Collectively, these sentences are referred to as direct consequences – those intended by the judge, and frequently mandated at least in part by an applicable law or statute.
The Council of State Governments includes in their definition unpaid child support, observing that in a study of one state, those released from prison on average owed more than $20,000 in child support alone. [4] Those upon whom CJFOs are imposed are referred to as legal debtors or billable inmates. [2] [5] [6]