JimmyCsays: At the juncture of journalism and life that is daily KC

JimmyCsays: At the juncture of journalism and life that is daily KC

The moneychangers have been instrumental in St. Ann Catholic Church getting a brand new chapel

About 10 months ago, we had written a post en titled “Good Catholic men building a car title loans killing in the pay day loan business.”

That post actually hit a neurological. It had a huge selection of views all over time We posted it in September 2014, and since then this has drawn more views than every other post that is past.

Yesterday and after this, the sheer number of views spiked, when you look at the wake regarding the Star posting on its site an account concerning the authorities banning a huge, online payday lending procedure run by Timothy Coppinger and Frampton T. Rowland III.

To offer idea regarding the range for the procedure, between 2012 and 2013, Coppinger’s organizations issued $28 million in payday advances and withdrew significantly more than $46.5 million from people’s bank records.

Here’s how dirty were the transactions of these organizations: almost all the victims hadn’t really used for loans but had provided information that is enough personal on their own to provide lenders use of their checking records. The lenders then deposited “loans” within the people’s reports and systematically withdrew “interest” re payments. Continue reading “JimmyCsays: At the juncture of journalism and life that is daily KC”