Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Patriarch of payday loans indicted amid usury crackdown

 


Charlie Hallinan, who pioneered the tactics payday lenders have used for years to stymie state regulators, was indicted Thursday on federal conspiracy and fraud charges.

Hallinan, 75, allegedly participated in a conspiracy that violated usury laws of Pennsylvania and other states and generated more than $688 million in revenue from 2008 to 2013, Philadelphia U.S. Attorney Zane Memeger said. He's charged with conspiracy to violate racketeering laws, mail fraud, wire fraud, money laundering and international money laundering.

http://www.chicagotribune.com/news/sns-wp-blm-payday-loans-2915f0ec-fce1-11e5-813a-90ab563f0dde-20160407-story.html

 

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