Payday Lenders Are Somehow Worse Than вЂDirty Money’ Makes Them Look
The people who profit from this predatory industry rarely see prosecution — because what they do is perfectly legal unlike in the Netflix series
T he first season of Netflix’s brand new series, Dirty Money, has an insightful, nuanced looks at infrequently-examined financial topics including the maple syrup mafia to pharmaceutical cost gouging. Nevertheless the subject which will be most germane to the present climate that is financialn’t Donald Trump’s shady company dealings — though that is highly appropriate. Alternatively, it is the 2nd episode’s considerable glance at one payday loan provider additionally the guy whom profited hugely from predatory lending. Because, while Scott Tucker, inside the Spandex cycling gear and utter absence of remorse is a remarkable (and despicable) character, he’s also into the minority on the market.
That is, he got caught. And convicted. And fined. And therefore rarely takes place, because numerous payday loan providers are running within full compliance aided by the legislation. And underneath the Trump management, that’s prone to continue being the norm. In reality, though that is among the worst times become a us worker, it is one of the better times to work a small business which profits from that worker’s monetary straits. (suite…)