Bemidji Pioneer: Minnesota attorney general accuses 2 lending firms of scamming seniors, veterans

ST. PAUL — Minnesota's attorney general filed a lawsuit Wednesday, Aug. 16, against two lending firms, accusing them of bilking money from veterans and senior citizens.

Future Income Payments, of Delaware, and FIP, of Nevada, reportedly required seniors and veterans to sign over huge portions of their monthly pensions to cover relatively small loans taken out for medical bills, emergencies and basic household expenses. Interest rates were as high as 200 percent, according to the Attorney General's Office.

http://www.bemidjipioneer.com/news/4313499-minnesota-attorney-general-accuses-2-lending-firms-scamming-seniors-veterans