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2. Loan shark - Wikipedia

   en.wikipedia.org/wiki/Loan_shark

   A loan shark is a person who offers loans at extremely high or illegal interest rates, has strict terms of collection, and generally operates outside the law, often using the threat of violence or other illegal, aggressive, and extortionate actions when seeking to enforce the satisfaction of the debt. [1]

3. Predatory lending - Wikipedia

   en.wikipedia.org/wiki/Predatory_lending

   Predatory lending refers to unethical practices conducted by lending organizations during a loan origination process that are unfair, deceptive, or fraudulent. While there are no internationally agreed legal definitions for predatory lending, a 2006 audit report from the office of inspector general of the US Federal Deposit Insurance Corporation (FDIC) broadly defines predatory lending as ...

4. Usury - Wikipedia

   en.wikipedia.org/wiki/Usury

   During the Fifth Lateran Council, in the 10th session (in the year 1515), the Council for the first time [citation needed] gave a definition of usury: For, that is the real meaning of usury: when, from its use, a thing which produces nothing is applied to the acquiring of gain and profit without any work, any expense or any risk.

5. FCC warns of 50-state scam by fraudsters posing as mortgage ...

   www.aol.com/fcc-warns-50-state-scam-221235739.html

   Homeowners across the U.S. are being targeted in a sophisticated scam in which callers pose as mortgage lenders to defraud people out of hundreds of thousands of dollars, the Federal ...

6. New York sues loan shark group accused of charging ... - AOL

   www.aol.com/finance/york-sues-loan-shark-group...

   Attorney General Letitia James is seeking $1.4 billion in damages. New York sues loan shark group accused of charging Manhattan’s City Bakery and other small businesses ‘illegal’ rates of up ...

7. 'Repaying a loan shark was three years of living hell' - AOL

   www.aol.com/repaying-loan-shark-three-years...

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8. Scott Tucker (businessman) - Wikipedia

   en.wikipedia.org/wiki/Scott_Tucker_(businessman)

   In 2001, Tucker founded an online business, AMG Services, that made payday loans even in states where these high-interest, low-principal loans were restricted or illegal. 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 ]

9. Turned down for a loan, business owners look to family and ...

   www.aol.com/news/turned-down-loan-business...

   Loan officers cited an increasingly uncertain economic outlook as one reason for the tightening. Biz2Credit data tells a similar story. Back in June 2022, big banks approved 15.4% of small ...