#predatory lending

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www.nytimes.com
3 months ago
US politics

Trump Pardon Recipient Fined $20 Million in Predatory Lending Case

President Trump commuted the drug smuggling sentence of Jonathan Braun without mentioning his other legal problems.
Jonathan Braun has been fined $20 million for swindling and intimidating borrowers, charging usurious interest rates, and making violent threats. [ more ]
www.cbc.ca
3 months ago
Canada news

'Desperation borrowing' due to low incomes fuels payday-style lenders: debt counsellor | CBC Radio

Rapid loans, also known as installment loans, have become more common as provinces crack down on predatory payday loan practices.
High interest rates and the ease of obtaining rapid loans have led to a cycle of debt for many borrowers. [ more ]
www.nytimes.com
5 months ago
New York City

A Troubling Trump Pardon and a Link to the Kushners

Jonathan Braun, who received a commutation from President Trump, returned to working as a predatory lender after being freed from prison.
The consequences of Braun's commutation raise questions about Trump's intervention in criminal justice decisions and his potential actions in a second term.
The New York Times investigation uncovered additional ramifications from Braun's commutation and revealed new details about his predatory lending activities. [ more ]
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