Payday lending pioneer indicted in U.S. on racketeering costs

Payday lending pioneer indicted in U.S. on racketeering costs (Reuters) - A Pennsylvania businessman considered a pioneer within the loan that is payday had been indicted on Thursday for participating in a racketeering scheme, included in a wider U.S. crackdown on abusive financing practices.Charles Hallinan’s payday financing businesses produced a lot more than 688 million from…

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