Tag

High Interest Loans

All articles tagged with #high interest loans

business1 year ago•1 min saved

"California Billionaire's $175 Million Bond for Trump's Fraud Case Rejected, Raises Legal Questions"

California billionaire Don Hankey, known for offering high-interest auto loans, provided a $175 million bond in Donald Trump's New York civil fraud case, helping him avoid financial disaster. Hankey's companies are known for offering risky and lucrative loans and aggressively repossessing vehicles from delinquent borrowers. Trump's appeal of the $454 million judgment against him led to the need for the bond, and Hankey's assistance could potentially influence federal regulation of his high-interest loan industry if Trump is elected again.

via The New York Times|

#business #don-hankey #donald-trump

legalcrime2 years ago•2 min saved

"New York Attorney General Sues Cash-Advance Operation for Predatory Lending Practices"

New York Attorney General Letitia James has filed a lawsuit against Yellowstone Capital and related companies, alleging that they exploited struggling small businesses by issuing fraudulent loans at interest rates as high as 820%. The operation, which allegedly rebranded as Delta Bridge, continued issuing illegal loans disguised as merchant cash advances, resulting in severe financial challenges for the affected businesses. James is seeking at least $1.4 billion for the impacted small businesses and is also asking for a court order to bar the companies and their affiliates from continuing the operation.

via The Associated Press|

#high-interest-loans #lawsuit #legalcrime