Send a Tweet
Most Popular Choices
Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Tell A Friend Printer Friendly Page Save As Favorite View Favorites
General News

An Invitation to Abuse

Quicklink Submitted By   Follow Me on Twitter     Message Susan Lee Schwartz     Permalink    (# of views)   No comments, 6 series

Related Topic(s): ; ; ; ; ; ; , Add Tags

View Ratings | Rate It

opednews.com

Author 40790
Become a Fan
  (20 fans)

 

Typical CORRUPTION AT WORK: 'NY State financial regulators have done a good job of fending off online lenders who try to illegally saddle us with loans that can carry annual interest rates of 1,000%, but the the  NYS Legislature’s newest bad idea is packaged in a bill  that would let check-cashing stores enter the lending business, even though these stores have no expertise in judging a borrower’s ability to repay,  check-cashing stores don’t have enough employees and don’t train them well enough to conduct business soundly. Some check cashers have already been involved in floating illegal loans or in schemes that allow businesses to avoid taxes. Consumer advocates are especially worried about a vaguely written provision in the pending bill that might allow check cashers to forge relationships with banks in states that have no usury caps, as a way of evading the law in New York.'

Read the rest of the story HERE:

At www.nytimes.com

 

- Advertisement -

View Ratings | Rate It

opednews.com

I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)
 

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon Share Author on Social Media   Go To Commenting

Other Series: View All 281 Articles in "Insanity AFOOT!"

Other Series: View All 496 Articles in "lies & propaganda:: the rant"

Other Series: View All 222 Articles in "our society changes for the worse"

The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles