“In a perfect world, we may not exist. I readily acknowledge that,” said Thomas Coleman, a lobbyist for OppFi, a leader in rent-a-bank lending. “In a perfect world, people would not need [us.]"
I thought by now the vulture capitalists had looted all they can from poor people leaving them little worth looting, which is why I thought they only looted more valuable places like hospitals, vet practices, trailer parks...but I guess I was wrong........................
Underlying this problem is the law passed sometime ago (that I never knew was happening at the time) to allow interstate banking or multi state banks. That not only allows this latest problem, it undermined RI banks (e.g. Industrial National, Hospital Trust...) that got taken over by out of state banks they care nothing about RI
I thought by now the vulture capitalists had looted all they can from poor people leaving them little worth looting, which is why I thought they only looted more valuable places like hospitals, vet practices, trailer parks...but I guess I was wrong........................
Underlying this problem is the law passed sometime ago (that I never knew was happening at the time) to allow interstate banking or multi state banks. That not only allows this latest problem, it undermined RI banks (e.g. Industrial National, Hospital Trust...) that got taken over by out of state banks they care nothing about RI
That pay day lenders seek to evade the law means we need to arrest all the CEOs of pay day lenders and lock therm up.