Tag Archives: bank corruption
Banksters back internet usury
Major banks are behind the Internet-based payday lenders that offer short-term loans with interest rates sometimes exceeding 500 percent. http://www.nytimes.com/2013/02/24/business/major-banks-aid-in-payday-loans-banned-by-states.html?hp&_r=0 JPMorgan Chase, Bank of America and Wells Fargo allow lenders to tap checking accounts even after the customers have begged them to stop the withdrawals. Many customers who are already on shaky financial footing face […]