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David Wilcock | Financial Tyranny on Russian TV, Pt. 1: Jan. 16, 2013
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Payday lender Wonga entered into administration late on Thursday, having earlier that day stopped accepting new loans in the wake of reports that it is on the brink of collapse. Sky News reported on Sunday that the company had filed for administration with professional services firm Grant Thornton after receiving a slew of customer compensation claims amid a government crackdown on payday lenders.
Right now 27 states allow payday loan APRs of 391 percent or higher. It’s simply not acceptable, but nonprofits need to think like capitalists to bear capitalists in a capitalist society. Here is a industry with little to no competition, high earnings and a captive market with no loyalty.
Goldcorp founder Rob McEwen has called them "the payday loans of the mining industry" and they're introducing a new, intense pressure on an industry already reviled for Indigenous land theft, dangerous working conditions and environmental infractions.
A payday loan is a small, short-term unsecured loan with both principal and interest scheduled to be repaid on a single date. The average payday loan is ... PAYDAY LENDING: FIXING A BROKEN MARKET 9 This report will examine in detail the following areas. Do charges faced by borrowers really correlate to the operating costs
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