New York Prosecutors Charge Payday Loan Firms With Usury, By Jessica Silver-Greenberg, August 11, 2014, New York Times: “A trail of money that began with triple-digit loans to troubled New Yorkers and wound through companies owned by a former used-car salesman in Tennessee led New York prosecutors on a yearlong hunt through the shadowy world of payday lending. On Monday, that investigation culminated with state prosecutors in Manhattan bringing criminal charges against a dozen companies and their owner, Carey Vaughn Brown, accusing them of enabling payday loans that flouted the state’s limits on interest rates in loans to New Yorkers…”
Poverty-related issues in the news, from the Institute for Research on Poverty