This thirty days, Scott Tucker, a payday lender who utilized their profits to finance a LeMans racing group, had been sentenced to 16 years in prison on federal racketeering along with other fees. Final autumn, their business that is former partner Hallinan, referred to as Philadelphia Main Line “godfather” of payday financing, has also been convicted of federal racketeering fees. Tucker and Hallinan’s primary business model? Their declare that their pay day loan enterprises had been for the main benefit of indigenous American tribal lovers and so at the mercy of immunity that is tribal. The respected interest that is public company Public Justice speculates: “Tribal Immunity” may not any longer be a Get-Out-of-Jail Free Card for payday lenders.” Now it’s time.
Writer: Ed Mierzwinski
Started on staff: 1977B.A., M.S., University of Connecticut
Ed oversees U.S. PIRG’s federal customer system, helping lead nationwide efforts to really improve customer credit rating laws and regulations, identification theft defenses, item security laws and much more. Ed is co-founder and leader that is continuing of coalition, People in america For Financial Reform, which fought for the Dodd-Frank Wall Street Reform and customer Protection Act of 2010, including as the centerpiece the buyer Financial Protection Bureau. He had been granted the buyer Federation of America’s Esther Peterson customer provider Award in 2006, Privacy Overseas’s Brandeis Award in 2003, and numerous yearly “Top Lobbyist” honors through the Hill as well as other outlets. Ed lives in Virginia, as well as on weekends he enjoys biking with buddies from the numerous regional bike trails. Continue reading →
