Shawn Vestal: Formalized loan sharks are circling on online
Like every thing, the loan that is payday has migrated to your Web.
A few of that is doubtlessly the reality that is mere of technology. However some from it has arrived in reaction to efforts by state and federal regulators to break straight down regarding the scummy techniques of numerous loan providers, whom entrap people into “short-term” loans they cannot repay, drawing them dry with astronomical interest re payments.