payday loans

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A GOP turnaround exec’s turn as a Democrat goes unexplained

Britain’s Sky News emphasized the plummier aspects of Bob Stefanowski’s resume — trustee of London’s venerable Victoria and Albert Museum, visiting professor at Oxford, “top investment banker” — in reporting his arrival in late 2014 as the new boss of a decidedly down-market business: Making payday loans in the U.S., the U.K. and Europe. Stefanowski, a GOP candidate for governor, is happy to talk about his time in the payday loan business. His briefer tenure as a Democrat? Not so much. Continue Reading →

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Tribal lenders claim right to charge 448% on loans in CT

An Oklahoma tribe and its allies are fighting a legal, advertising and social-media war in Connecticut, claiming a right as a sovereign government to make unlicensed short-term loans at astronomical interest rates in defiance of state usury laws. Continue Reading →

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